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104 \\ S Corp or Personal? Mastering 1099 Income for Business Owners
Manage episode 418550674 series 3399967
Innehåll tillhandahållet av Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
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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