December, 2018 – Year-end Tax Planning for S-Corp Owners

Tax Advisor – Shannon & Associates LLP | Kent, WA

Year-end Tax Planning for S-Corporation Owners

Don’t lose valuable deductions or incur additional costs.

Special Reporting Required: The IRS requires special reporting for fringe benefits for S-Corporation owners who own more than 2% of the business.

What you need to do by December 10th: If you use a payroll service, you need to contact them and report this insurance, HSA, and auto information in early December in order to have it included on your 2018 W-2. Avoid costly amended W-2’s and payroll returns.