Sean Pyles

Okay, I'm going back into my CFP knowledge because I haven't touched this stuff in a little bit, but here they are.

Sole proprietor, partnership, LLC, C Corp, and S Corp.

We need some confetti, some kazoo or something.

Yeah, throw in all the sound effects here, please.

Okay, and sound effects.

Yes.

And we have a few tips that can help people figure this out.

So first one is choose a business structure where you need to.

You know, not everyone needs to register a business, but doing so could actually help you save on taxes.

And Elizabeth, I know that you actually changed your tax status from an LLC to an ex-corp to reduce your tax bill.

Can you talk about how that worked?

So why did you make this change then?

Following your advice of listening to a tax professional here.

Got to love that hyper-specific number.

Yes.

And again, this really underscores how important it is to just talk with a tax professional.

Maybe just hire someone for a season or every year if you want to, and just have someone do this heavy lifting for you because you don't want to get something wrong.

So note that estimated tax payments are what they say, they're estimated.

So you could end up paying a little bit more come tax time or possibly getting a refund, depending on where you land at the end of tax season.

The listener mentioned that they previously paid estimated taxes throughout the year, and it's common to do it quarterly.