Southweststages.org

Category: business

  • Distributions: How to Pay Yourself with with an LLC for Your Business

    As a single-member LLC owner, you can access your business profits through both salary and distributions. Taking a “reasonable” salary subject to payroll taxes ensures Social Security and Medicare contributions, while distributions allow you to withdraw remaining profits at a lower tax rate (potentially avoiding them altogether if within your basis). That sounds amazing! There…

  • Business: When to Switch from an S Corporation to C Corporation

    Running an S corporation feels like finding the magic formula: lower taxes, simpler compliance, and a cozy family of shareholders. But as your business expands, that charming cottage might start feeling cramped. So, when does it make sense to trade the S corp comfort for the spacious mansion of a C corporation? Crossroads of Growth:…

  • Should You Be Picky with Your HVAC Clients?

    Imagine this: you’re an HVAC eager to showcase your skills and build a thriving business. Leads are pouring in, and you’re excited to tackle every project that comes your way. But wait!  Before you dive headfirst into a whirlwind of work, consider the importance of qualifying your clients. It might seem counterintuitive to turn down…