Blog > All articles > CORRECTION to Today's Newsletter
Mix-up on the accountant attending our upcoming tax workshop
In today’s newsletter, we mistakenly announced Jon Youshaei as an accountant attending our upcoming workshop.
Jon’s firm Created Books is a valued partner and helps creators with bookkeeping and taxes, but Jon is not an accountant and won’t be at the event. We apologize for any confusion!
Kevin O’Connell is a CPA with his form C3FO and will be at the workshop.
Join Creator Studio to attend.
This is especially important for content creators who may face potential legal risks related to copyright infringement, defamation, or other intellectual property claims.
Are There Disadvantages of S Corps for Creators?
Designating yourself as an S corps can save you thousands of dollars in taxes—but there are a few tradeoffs to be aware of:
- An S corp typically costs more money to set up compared to a regular LLC
- You’ll have to fill out a good amount of paperwork to designate your S corp
- Since you’ll be receiving a salary, you have to set up and run payroll (or have a professional service manage payroll for you)
- S corps require you to file a separate business tax return (Form 1120-S)
Overall, the tax savings from electing S corp status outweigh the extra paperwork, especially if you work with a tax professional who can take some of that paperwork off your plate.
S Corp Eligibility Requirements
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