Tax Benefits of S-Corporation: How Does a S-Corp Save Taxes?
LyfeAccounting
FEBRUARY 9, 2021
Note, that’s $9,180 more income, even after you take out Federal and State income taxes. In short, S-Corps can greatly reduce your self-employment tax obligation by only paying self-employment tax based on your salary and not on the total business income. Tax Benefits #2: Pass-through Taxation.
52 
Let's personalize your content