Are You Using the Right Business Entity?

LLC, S-Corp, Sole Prop—how do you know which one’s best? It could be costing you more than you think. Your business structure affects your taxes, your risk, and how you pay yourself. Many small businesses start as sole proprietors or LLCs, but don’t revisit that setup as they grow. If your profits are rising, it might be time to explore an S-Corp election—which could save you thousands in self-employment tax.

QuickBooks can still be used with any entity type, but the way income is handled changes depending on your structure. A Chandler CPA (like us) can walk you through the pros, cons, and timing of making the switch.

We help businesses with LLC Formation and S-Corp Elections and advise when it’s time to update how you’re set up.

Questions? Call us at 480 747 3935 or visit our Monthly Accounting Services page, too!