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@jack1998 No idea. This is just the info I got from my CPA whose very by the book and trust worthy with 20+ years of experience. I think it really depends on what type of business you have. I run a design / creative studio so its pretty basic accounting wise compared to someone dealing with...

@jack1998 My CPA advised me against S-Corp. Its become a bit of a trend as CPAs make more money from it due to its complexity, I've been getting a huge amount of targeted ads trying to get me to become an S-Corp, when in fact 90% of LLCs are fine doing there taxes normally.