Episode 65. Is It Too Late To Elect S Corporation and Pay Myself Salary?

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! Is it too late to elect S corporation status and process payroll for the year? Short answer: no. In this podcast, I break down how a late S corporation election works, why the March 15 deadline isn't always the final deadline, and how you may still be able to catch up on payroll. Many business owners hear, "You have 75 days" or "You have until March 15," and assume they mi...