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@edwardcollins_upleveled
Most people hear about S-Corps for one reason. 💼 Reducing self-employment tax. And yes, that’s great. But here’s the overlooked advantage… 👉 The S-Corp creates a legal fiction where you’re both the employer and the employee. That opens the door to a powerful strategy: ✅ The Accountable Plan. What is it? It’s an employee reimbursement plan where your business (as the employer) gets a legitimate tax deduction for reimbursing you (as the employee) for the business use of personal resources. The most classic example? 🏠 Your home office. Done right, this puts real money back in your pocket. And it’s just one of many strategies business owners miss. 📌 Want more tax reduction strategies that actually work? Check out my other content here. Or tag a business owner who needs to hear this. Credit (IG): collective SF0744

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