Thursday Sep 05, 2024

3 Tax Basics For Online Entrepreneurs with Joshua Thompson

Key points:

  1. Understanding Nexus: Learn when you're subject to taxes in different states
  2. 1099-K reporting: New $5,000 threshold and potential double-counting issues
  3. LLC vs S-Corp: Pros, cons, and when to consider switching

Joshua's rule of thumb: Consider S-Corp at $80,000 net income

Get expert tax advice for your online business!

Book a call: https://calendly.com/joshuapntadvisors/introduction-get-to-know-us

Visit: https://www.pntadvisors.com/homeoffice

 

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