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2) An individual been participating in your company's retirement plan? If not, not really try? Every dollar you contribute could reduce taxable income decrease your taxes to footwear.
Another angle to consider: suppose your enterprise takes a loss of profits for the year. As a C Corp presently there no tax on the loss, however there likewise no flow-through to the shareholders would seem an S Corp. Losing will not help your individual tax return at many. A loss from an S Corp will reduce taxable income, provided there is other taxable income to scale back. If not, then there is no taxes due. When big amounts of tax due are involved, this will take awhile a compromise being agreed.
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