In this blog post, we'll reveal the top 10 essential tax write-offs for self-employed individuals in 2022. Discover how to maximize your savings and keep more money in your pocket.

10 Essential Tax Deductions for Self-Employed in 2022

Don't Keep Gas Receipts, Track Your Business Mileage

Retirement Options for Self-Employed that Will Help You Save on Taxes

Explore our Annual Tax Savings Report for the 2021 filing season, a deep examination of our practices and the results we delivered for our customers.

2021 Tax Savings Report

Formations 2021 Tax Savings Report

Our real estate accounting guide offers valuable insights, tips, and best practices to help you manage finances in your real estate business. Learn more!

Real Estate Accounting: Guide & Best Practices

Real Estate Accounting Guide

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Formations Blog

Interested in forming an S corp in California? Our business advisors explain the benefits, legal requirements, & step-by-step process to establishing an S corp.

How to Establish an S Corp in California

If you're a real estate agent, make sure you're not missing out on this business structure.

Six Reasons an S-Corp Makes Sense for Real Estate Agents

Reducing your self-employment taxes through an S-Corp can result in huge tax savings, but sometimes raises the question: does paying less in tax impact my Social Security Benefit upon retirement?

Will Moving to an S-Corp Impact Your Overall Social Security Benefit When You Retire?

Today Formations announced the closing of our $8M Round A funding, led by Arthur Ventures. First and foremost, we want to extend our heartfelt gratitude and appreciation to our customers who trust us to help them maximize their financial well-being and achieve financial longevity for their business. These early adopters of our solution help pave the way for millions of self-employed individuals by showing them that there’s a different way to run their businesses and manage their financials.

Formations Raises $8M Series A

1099’s are informational returns used to report various types of income to the IRS. learn all you need to know about 1099 as an S-Corp owner

What You Need to Know About 1099’s as an S-Corp Owner

Electing to be an S-Corp provides a ton of benefits to you, the business owner. And it also raises the bar for what you’re required to do as a business owner.

What You Need to Know About 1099s as an S-Corp Owner

One of the goals you should have as a business owner is to save for your future retirement. At the end of the day, the goal is to put aside money for your retirement and to have that money grow.

Retirement Account Options for the S-Corp Owner

One of the goals you should have as a business owner is to save for your future retirement.  Because you are drawing a salary through your business as an S-Corp owner, you have the distinct advantage of being both the employer and the employee, which, with the right account set up, may allow you to maximize overall contributions.

Taxes can be really stressful—you already know that which is why you’re here. We just wanted to take a moment and acknowledge your struggle. Now, we’ll get to the business of getting your business taxes paid. As an S-Corp, you’re likely to benefit from a host of taxation advantages.

Preparing Your Year End S-Corp Tax Report

You are probably wondering what expenses you should be keeping track of to maximize the tax benefits.There are quite a few business expenses that you can take advantage of.

Tax Deductions You Can Enjoy as an S-Corp

So, you’ve taken the leap and upgraded your LLC to an S-Corp!  Congratulations! Now you are probably wondering what expenses you should be keeping track of to maximize the tax benefits. Well, as an S-Corp there are quite a few business expenses that you can take advantage of. Here at Formations, we'd be delighted to share!

Download our S-Corp guide to better understand how an S-Corp is managed, what its key benefits are, and how you can use it to save on taxes.

Formations Beginner's Guide to Running an S-Corp

As the owner of an S-Corporation, you have the option to have a family member, such as your spouse, parent or child, work for you. Several advantages exist to employing these individuals.

Paying Family Members Through Your S-Corporation

As the owner of an S-Corp, you have the option of having a family member work for you. In order to maximize your savings, it's important to make sure the pros outweigh the cons.