Hi!
If you have income from self-employment, freelance, contracting, or any type of 1099-NEC – the kind of income reported on IRS Schedule C – you may be leaving money on the table.
By changing your business structure, many self-employed clients can save roughly 10% or more in federal tax by reducing the self-employment tax that otherwise runs 15.3% on their net income. The savings grow as your income grows.
Instead of just handling the conversion, we can put your entire financial back office on one package and take it off your plate completely:
- S-corp conversion – the restructuring itself, set up correctly and on the IRS timeline
- Monthly bookkeeping – a dedicated bookkeeper and a full financial package delivered every month
- Payroll – full-service and multi-state, including contractor 1099s
- Quarterly tax estimates – so you know exactly what you owe before April, with no surprises
- Year-round planning – CFO-level review of your vendor spend, subscription creep, and margin leaks
- Sales tax – registration, filings, and compliance handled for you
- Income tax returns – personal and business, prepared by the same team that keeps your books
The transition is easy, the savings can be substantial, and restructuring also significantly reduces your audit risk.
This is meant to proactively find tax savings for you outside of the annual return – with one team handling everything from the books to the final return.
Let me know by hitting “reply” if you are interested in this & if so, we can chat further. Please let me know by Wednesday this week since the transition has IRS timeline requirements.
Looking forward to it!
Sincerely,
—
George Dimov, CPA
Licensed and Insured
(833) 829-1120 toll free
(212) 994-8081 Fax
www.dimovtax.com