Choosing the right entity for your business is crucial, and electing S-Corp status can provide significant tax advantages, including self-employment tax savings and the avoidance of double taxation. With the March 17, 2025 deadline fast approaching, now is the time to consult with your accountant to make sure you meet the necessary requirements to benefit from the S-Corp structure for the 2025 tax year.
By making this election, you can optimize your business's tax strategy and potentially increase profitability in the coming year. Don't wait-take action before the deadline!