Taxes may be an even bigger hurdle for Americans who run a small business. What should small business owners keep in mind when tackling their tax filings?
KKOS Lawyers Founding and Senior Partner Mark Kohler joins Brad Smith on Yahoo Finance's Wealth! to lay out the top tax strategies for small businesses.
"You could have an LLC taxed as an S corporation. But when business owners start to get around $60,000 in net income, so gross minus all my expenses... I need to be looking at converting to the S corporation," Kohler lays out. "Very affordable to do, very simple to maintain. But what you're doing is saving on the number one tax before state and fed [federal], And that's FICA [Federal Insurance Contributions Act]. We want to save on self-employment tax."
#news #youtube #taxes
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple ( or Android (
- Follow Yahoo Finance on social:
X:
Instagram:
TikTok:
Facebook:
LinkedIn:
|
Remy and Jean-Marc Jacobson said they wa...
----------------------------------------...
Retail investors are already using OpenA...
----------------------------------------...
Ideally, every room in your home would h...
<2026年7月23日(木)開催> ▼ハッチの米国株マーケットセミナー(口座保...
トキメキ・インベスティング 「幸福の最大化を目指す 築いた資産の賢い減らし方」...
✅画面に表示される株価・指数などの数値は【2026年7月28日放送時点】のもので...
日替わりで、FX取引に役立つ最新&必見情報をお届け! ※本動画はPR・プロモーシ...
2026年7月13日(月)~2026年7月17日(金)に「日本株5夜連続セミナー...
2026年7月13日(月)~2026年7月17日(金)に「日本株5夜連続セミナー...
2026年7月27日(月)Monday Night Liveの内容 ・半導体関...
2026年7月13日(月)~2026年7月17日(金)に「日本株5夜連続セミナー...
Food safety experts say decades of conso...