230. Switching to S Corp | Elizabeth of Fiore Accounting & Tax Services

Let me tell you something... when you have a 5-digit tax bill at the end of the year - even after paying quarterly taxes - that is a really good time to lean on professionals to help you configure your financial setup! Today's guest, Elizabeth from Fiore Accounting & Tax Services, helped me do just that, and then some. Listen in for the details of: all the services their team provides what S Corp actually means how much I owed after 2022 how we changed my business to an S Corp election the advantages and disadvantages of S Corp payroll and Profit First as an S Corp who should consider making the switch as well how the decision depends on your individual circumstances, and even business goals I always love having Elizabeth on the show because she explains confusing financial matters so well. She and her team have been such a help to me over the years and I know that even if you're not considering S Corp status you'll get some great financial insights in this episode! And in the UGlu Hotline, we get a nice tip about blending your clamps and clips in with your decor. Thank you to PremiumConwin for sponsoring our monthly "throwback" episode!   RESOURCES MENTIONED: 17hats (get 50% off your 1st year)  Balloon Suite  Havin' A Party Wholesale (save 5% with code BRIGHT)  UGlu by Pro Tapes (save 5% at Havin’ A Party with code BRIGHT)  Call into the UGlu Hotline to ask a question or leave advice! (262) 221-8514 ‬Balloon Boss Mastermind & Summit   PremiumConwin 2024 Bright Balloon Business Planner  ALOFT (save $10 with code BRIGHT) The Balloon Guild (save 20% with code WeLoveSara20)  Ep. 80 - Profit First Revisited with Elizabeth Fiore Strategy Call with Elizabeth  - - - - Join the book club  50 Ideas for Email Marketing | Join the Bright Balloon email list  courses | templates | planner  @thebrightballoon  The Bright Balloon on YouTube