Thursday May 16, 2024

104 \\ S Corp or Personal? Mastering 1099 Income for Business Owners

In this episode, we dive into a common issue many professionals face: managing 1099 income when you have an S corporation. If you're getting paid personally instead of through your business, it can lead to big headaches with the IRS.

We'll cover the best practices to ensure your earnings are properly accounted for and discuss strategies to avoid audits. Whether you're a real estate agent, financial advisor, or a social media influencer like one of our clients, we've got actionable tips to help you streamline your finances.

Tune in to learn how to align your 1099 income with your S corporation correctly and keep your tax obligations clear and straightforward. Don't miss out on these essential insights to protect yourself and keep your business thriving!

 

Next Steps:

💰 Chop Taxes Now! 💰 https://tiffanytrimstaxes.com/

☎️ Find out how much you're overpaying in taxes every year!  Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> tiffany@thetiffanyphillips.com 

📲 Follow me on IG @ the.tiffany.p.cpa

 

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