I met a couple flipping real estate and making around $250,000 a year. Their accountant told them not to form an S-Corporation because “it wasn’t worth it.” Huge mistake.
At that income level, they could have set a reasonable salary of $70–80K and saved over $15,000 in self-employment taxes — every single year.
Too often, business owners get bad advice or no advice at all because their accountant doesn’t understand small business tax strategy. You need an adviser who knows your world and helps you plan proactively.
You are the captain of your financial ship — get the right crew.
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