Taxes

The self-employed health insurance deduction lets sole proprietors, freelancers, and single-member LLCs write off 100% of health, dental, and long-term care premiums for themselves, their spouse, and dependents directly on...

A sole proprietorship pays income tax plus a 15.3% self-employment tax on all profit, whereas an S Corp splits profit into a reasonable salary (subject to that 15.3% tax) and...