January 23, 2021
The New York Times quoted Tax Partner Edward Reitmeyer in the Wealth Matters column, about strategies to avoid the possibility of higher taxes.
The New York Times
By Paul Sullivan
Excerpt:
One strategy is for owners to convert their business from a limited liability company to a subchapter S corporation, which could reduce the self-employment tax, said Edward Reitmeyer, a partner in charge of tax and business services at Marcum, an accounting firm. But it has to be done carefully… “[W]ith this structure, you’re at least prepared if there’s a change to unlimited self-employment tax on income.”
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