Hi all, I'm going to start a 1099 contractor job position (around Los Angeles/Orange County region). I will have to preface a few things before I get into what I'm looking for.
My plan is going to do an S-corp. I believe to do that, I would require the services of a lawyer who specializes in that. In addition to an S-corp, taxes will have to be filed differently. I am up for doing it myself, but I need to learn how and to make sure I'm doing it right. This initial learning phase is where I feel I would like to have some direct help. From what I understand, you will file quarterly and then you also have to make it look like you're a corporation. Then there is tax optimization with an S-corp, which I think guidance from an adviser would be helpful.
Regarding investments, I can manage that myself (allocations, etc). The intent is to set up a solo401k with either Fidelity or Vanguard. The only unknown I have is how to do the employer contribution into the 401k, given that I will be an S-corp.
I was referred to this local group in California but they want to charge $300 a month as a retainer fee, which I feel is expensive. I saw the blog post containing the list of financial advisers. Is that something I should do, or should I look for something locally?
Basically, I need a) help with forming S-corp, b) learn how to fill the tax forms correctly, c) learn how to fund the 401k correctly (18k employee, 35k employer). Thank you.
My plan is going to do an S-corp. I believe to do that, I would require the services of a lawyer who specializes in that. In addition to an S-corp, taxes will have to be filed differently. I am up for doing it myself, but I need to learn how and to make sure I'm doing it right. This initial learning phase is where I feel I would like to have some direct help. From what I understand, you will file quarterly and then you also have to make it look like you're a corporation. Then there is tax optimization with an S-corp, which I think guidance from an adviser would be helpful.
Regarding investments, I can manage that myself (allocations, etc). The intent is to set up a solo401k with either Fidelity or Vanguard. The only unknown I have is how to do the employer contribution into the 401k, given that I will be an S-corp.
I was referred to this local group in California but they want to charge $300 a month as a retainer fee, which I feel is expensive. I saw the blog post containing the list of financial advisers. Is that something I should do, or should I look for something locally?
Basically, I need a) help with forming S-corp, b) learn how to fill the tax forms correctly, c) learn how to fund the 401k correctly (18k employee, 35k employer). Thank you.
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