An S Corporation Is a Tax Election, Not a Legal Entity: Salary vs. Distributions
How an S corp tax election works for trade business owners, why profit is taxed whether or not you take it out, and how to balance salary and distributions.
Author
Hava Laudon
Hava Laudon is an Enrolled Agent and Certified Main Street Tax Advisor, a QBO ProAdvisor Advanced, Patriot Partner and Jobtread Certified professional, with a B.S. in Ministry Leadership. She founded Mantle Tax Solutions to connect the pieces of a business owner's financial world: tax strategy, bookkeeping, business decisions and the other advisors around them. She works with business owners around Columbus and Central Ohio.
Posts by Hava Laudon
Subcontractor 1099 Rules: Documentation for Trade Owners
Trade contractors in Central Ohio rely on outside specialists. Here is how clean Form W-9 and 1099 records protect your business and financial clarity.
What The Mantle Blueprint Shows the Owner of a Trade Company
See what The Mantle Blueprint maps on one page, from assets to every source of income, for trade business owners facing year-end decisions in Ohio.
Crews Working in Multiple Central Ohio Cities: Municipal Tax and Payroll
Do your mobile teams work across Columbus, Dublin, and Westerville? Here is how Ohio municipal income tax withholding works for mobile crews and your payroll.
Buying a Work Van Before December 31: Questions Before the Tax Answer
Thinking about buying a work van before December 31? Discover the Section 179 vehicle rules, placed in service timing, and cash flow questions to weigh first.
Why Year-End Tax Moves Fail Without Current Financials
Discover why year-end tax moves fail without accurate interim financials, and how Central Ohio business owners gain clarity before taking action.
How Many Years of Unfiled Taxes Do You Actually Need to File?
How far back does the IRS look on unfiled returns? Learn why six years is the usual standard and how Central Ohio business owners catch up calmly.
Cash Flow Versus Profit: Why a Profitable Year Can Still Feel Tight
Why can a business show a profit while cash feels tight? Learn how timing, debt payments, purchases, and owner withdrawals affect cash flow and taxable income.
When Your Operating Agreement and Tax Return Tell Different Stories
Did an attorney write your LLC agreement while an accountant filed your taxes? Learn how mismatched tax allocations create problems and how to connect them.