Small Business and W-2 Job | Does LLC or S Corporation still make sense?

Comments · 273

• NA

  @NaviMarajCPA · 9 months ago (edited) · pinned

  Want to stop guessing with your taxes? Join the free training and learn how small business owners are identifying $30,000+ in annual tax savings. Register here: [<a href="https://go.navimarajcpa.com/webinar]">https://go.navimarajcpa.com/webinar]</a>

• CI

  @cindywen5236 · 5 years ago

  Thank you for the info! It&apos;s been challenging finding tax information for high W2 earners with a side business. I&apos;m in the process of looking for a tax consultant regarding S Corp election and now I have my answer. You explained it very well!

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• JE

  @jesonsan7312 · 4 years ago

  The answer is on <a href="https://www.youtube.com/watch?v=1kufkdonBEU&amp;t=740">12:20</a> . Thank you Navi for explaining this. I did not realize that there is a SS cap for the employee, but not the employer. BIG thank you !

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• QC

  @qcck · 3 years ago

  This is the best video ever to explain why NOT having S-Corp make sense! Very clear, up to the point and no BS. Just one question left unanswered: Why higher profit, e.g. $250k, will make sense again? @Navi, is there other video explaining that situation? Thanks!

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• FO

  @FoundLamb · 3 years ago

  Finally someone covered my question!

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• SO

  @SophieRaymond88 · 4 years ago

  Omg FINALLY! A video that gets to the point about when you should convert and when you shouldn’t. THANK YOU!!

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• BE

  @benjaminbranson9816 · 4 years ago

  Can you do videos on what if your spouse is a W-2 income earner and you are an S-Corp?

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• EZ

  @EZ2Follow · 3 years ago

  Very well explain brother <br>Jazakallah khair

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• AM

  @amr493 · 2 years ago

  Exactly the info I was looking for (W2+1099 situation and when S corp is worth it)! Thank you for the video!

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• BE

  @belindaochoa2743 · 3 years ago (edited)

  Hi, I came across this while browsing for videos regarding S-corp. I am glad I clicked on it, and I wanted to thank you for explaining things in simple terms. That said, I have now subscribed to your channel and liked this video.

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• SA

  @santiagomariaalexe9463 · 3 years ago

  Thank you. Can you kindly make a video on the scenario where one has a high W2 income but also a S corp profit beyond $250k or whatever amount that would justify having a S Corp.

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• SH

  @shoaibrao8811 · 2 years ago

  Very very helpful video. I am a physician on W2 with a 1099 side gig contract. I was about to elect my LLC to be taxes S-Corp. After watching this video, I realized that S-Corp election would actually cost me money(which I was never told by my CPAs who provided me consultations with a fee).

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