Mark Kohler explains when to convert an LLC to an S-Corp and why it saves money. The main benefit: cutting self-employment taxes through payroll tax advantages. He walks through the conversion process and how to handle clients and accountants who resist the move.
Tax professionals. In today's video, I'm going to help you identify when your client should convert from an LLC to an S Corp, why they're going to convert to an S Corp, and then how to carry it out and audit proof the process moving forward. I'm a registered CPA attorney, best selling author, and have owned multiple tax and legal businesses. And this process of the S Corporation is the gold standard that we use every day, helping our clients succeed and take advantage of the tax strategy. The problem is, many accountants are far too conservative in this area or don't understand the strategy. And then we've got the problem of dealing with clients that won't listen to us or follow through with the process. But I'm going to help resolve all of these issues and help you carry out the number one tax strategy for operational businesses in America today.
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