Quote:
Originally Posted by Skarecrow
Agreed.....I take about 60 as a salary and the other 40 as a dividend.....works out ok, I hope
|
I operate my own business in my "regular" profession as well, so the S-Corp is the best way for me to go...I can't imagine it would be worth it for me to do it only for my officiating income.
Now, if I were officiating multiple sports all year round, high school, youth leagues, adult leagues, etc., or was heavy into college officiating where the income became substantial, then I could see it.
But, for the $2-3,000 minus expenses I currently make from officiating, it alone wouldn't be worth the extra bookkeeping hassles and fees.