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:
|
Joel Simon, JSM Music CEO, discusses pro...
FOX Business' Ashley Webster reports on ...
2016 is the new 2026. Abercrombie & Fitc...
Ondas CEO Eric Brock explains the compan...
A Super Bowl ad touting Trump accounts i...
'The Big Money Show' analyzes the surge ...
Meredith Whitney Advisory Group CEO Mere...
Scientists on the Thwaites Glacier attem...
The price of gold has experienced signif...
Anthropic pokes fun at OpenAI’s advertis...
Engadget’s TMA is a weekly video series ...
Outgoing Atlanta Fed President Raphael B...
Rashaun Williams, founder of Harbinger S...
✅画面に表示される株価・指数などの数値は【2026年2月3日放送時点】のものです...