Updated almost 2 years ago on . Most recent reply
Need help/guidance creating a s-corp for taxes
My girlfriend is a cosmetologist who has been filing under 1099, but wants to change that with the S Corp. I’m looking for someone that can help recommend me or guide me to the right person to create that. She makes about $10,000 - $14,000 a month. Please feel free to input big questions that I’m sure I should be asking
Thank you in advance
Most Popular Reply
If she is making $10,000 - $14,000 a month and that is net income and not gross, you are looking at about $120,000 - $168,000 of income annually.
S-corp will not save on income taxes but it will provide an opportunity to potentially save on self employment taxes.
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