Forum Discussion

Robert_Gauvreau's avatar
Robert_Gauvreau
Contributor 3
9 days ago

🌟Ask An Expert: Time to Save $—The Ultimate Home Service Tax Plan with Robert Gauvreau🌟

Did you know that 92% of business owners pay more tax than they’re legally required to? I’m Robert Gauvreau, founder and CEO of Gauvreau | Accounting, Tax, Law & Advisory, and I’m here to help you ...
WestonD's avatar
WestonD
Contributor 2

If my accountant filed me as an llc last year (2023) could I go and retroactively file as an S corp? My tax burden was super high compared to my take home because there was no pass through and I was taxed on everything. 

Robert_Gauvreau's avatar
Robert_Gauvreau
Contributor 3
6 days ago

Hey WestonD.  Unfortunately you can't go back and make a retroactive election.  You can only make the election on a go forward basis.  Happy to work with you to ensure you are set up properly prior to the end of 2024 so you don't get overtaxed again in 2024.