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231 - My S Corp Cost Me MORE in Tax Last Year
On today's episode of the podcast, I explain how my S Corp ended up costing me more in tax last year.
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Long story short, I should not have formed my S Corp last year because I didn't end up making as much money as I thought I was going to. Unfortunately, we can't always predict these things.
I talk to a lot of business owners who have accountants that get them set up with an S Corp from day one. This is usually a bad idea, unless you're bringing a whole book of business with you from elsewhere…
The skinny
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