Finance

Have finance questions? Ask a financial expert online.

Connect one-on-one with {0} who will answer your question

Related Finance Questions
I am a sole proprietor of a business in California. I paid
I am a sole proprietor of a business in California. I paid 15% in self-employment tax, and I am interested in reducing that to 7%, by incorporating my business and being an employee. What is the easie… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,523 satisfied customers
Lane, I have a new client that is a Multi-Member, LLC with
Hi Lane,I have a new client that is a Multi-Member, LLC with no corp election. I'm trying to figure out the best tax scenario for the 3 members. I believe that since the are not an LLC with Corp elect… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,016 satisfied customers
We are currently a scorp and file 1120s, My husband is the
We are currently a scorp and file 1120s, My husband is the sole shareholder and a very small business. My question is what is the benefit of an scorp and should we switch back to 1065 filing. I'm told… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,707 satisfied customers
I am looking to switch from full-time employment to a
I am looking to switch from full-time employment to a contract/self-employment option. I understand that means I will now be paying 100% of the portion of my SS and such taxes. How much should I set a… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,707 satisfied customers
This may be too complicated of a question without a lot of
This may be too complicated of a question without a lot of detail about my business but in general when does a s-corp become a better option than LLC? I currently have sole member LLC and was thinking… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
2,514 satisfied customers
I am considering changing my PLLC from a PLLC with a sole
I am considering changing my PLLC from a PLLC with a sole proprietor to a PLLC with an S Corp, but am trying to find out if this would be advantageous.If, as a sole proprietor, my business made $120,0… read more
Carter McBride
Carter McBride
LLM
8,248 satisfied customers
When I set up my PLLC in WA state, I did it as a sole
When I set up my PLLC in WA state, I did it as a sole proprietor. My understanding was that if I wanted to change that to a S-Corporation, I could at the beginning of any year. Are there benefits to m… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,707 satisfied customers
Switching from w2 to 1099 only, Starting a small business
Switching from w2 to 1099 only JA: The Accountant will know how to help. Please tell me more, so we can help you best. Customer: Starting a small business looking for adviice JA: Is there anything els… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,059 satisfied customers
Are LLCs that do Not elect treatment any treatment
Hello,Are LLCs that do Not elect treatment any treatment considered disregarded entities by default?Are disregarded LLCs treated like sole proprietorships where they have to pay an extra tax at 15.3% … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,059 satisfied customers
Lane, I have a client who is a Single Member, LLC that is
Hi Lane,I have a client who is a Single Member, LLC that is not incorporated. He needs to know if he can take a payroll paycheck rather than a draw?I would like to know the same answer for a Sole Prop… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,016 satisfied customers
I switched to a S-Corp recently from a Sole Proprietor as of
I switched to a S-Corp recently from a Sole Proprietor as of Jan 1, 2017. I am paying myself a wage and yesterday paid myself for Jan/Feb/March. Quickbooks is forcing me to declare this as a 2nd Q pay… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,016 satisfied customers
I have switched from a sole proprietor to an S Corp in
I have switched from a sole proprietor to an S Corp in January of this year.I continued to pay my quarter taxes through my SS#. I was told that I did not have to establish and pay myself through payro… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
I have a two-part question regarding taxes. I have been
Hi - I have a two-part question regarding taxes. I have been self-employed Jan - Aug 2016, total income 91,132.00 Estimated taxes paid Q1 - Q3: Fed 9,100; GA 1,400 each Now, as of Sep 2016 salaried em… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,016 satisfied customers
I have switched from a sole proprietor to an S Corp
I have switched from a sole proprietor to an S Corp for this year. I used to pay my estimated taxes by sending a check on April 15th. I am the only employee of the business. Here are my questions as t… read more
Angie
Angie
Bookkeeper, Tax Preparer, Office Manager
416 satisfied customers
I need to know if it would be benificial to change my
Hello I need to know if it would be benificial to change my business from a LLC to subchapter S?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,016 satisfied customers
Dear Megan, I own a c corp of which I and my wife are sole
Dear Megan, I own a c corp of which I and my wife are sole owners and drawing salary from it against W-2. In addition I own an S corp where again I am my wife are sole owners but we are not drawing an… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,016 satisfied customers
I have an LLC in New York, NY. I am the sole proprietor. I
I have an LLC in New York, NY. I am the sole proprietor. I am not sure if I should be paying myself via w-2 payroll, or just use the income as my salary. What is the best way to set up my personal inc… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,862 satisfied customers
What is the difference between a D.B.A. or an L.L.C for income
What is the difference between a D.B.A. or an L.L.C for income tax purposes and the pros and cons. And what do I need to do to obtain an L.L.C. Thank you for your input.… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,614 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

2,305 satisfied customers

More than 5000 online tutoring sessions.

Megan C

Megan C

Certified Public Accountant (CPA)

2,225 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Dave CPA

Dave CPA

Accountant

231 satisfied customers

I'm a CPA with over 10 years of experience

ConceptsCoach

ConceptsCoach

Certified Public Accountant (CPA)

171 satisfied customers

Chartered Accountant and MBA

sgriffin26

sgriffin26

Loan Officer

93 satisfied customers

Licensed RE Agent, Loan Officer, and NMLO. I have been in residential lending for over 10 years.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x