Insogna CPA

Insogna CPA Fueling the Future of Your Tax Strategy & Preparation. Our experts help drive your prosperity with ongoing advisory, tax strategy and wealth building.

06/18/2026

How should you actually pay yourself? It is not just about what you earn. It is about how you are paid. And each structure produces a completely different tax outcome on the same income. 💼💸

Here is the breakdown of all three.

W-2 employee. Employer covers half the payroll tax. Taxes withheld automatically. You may get benefits. Trade-off: almost no business deductions available.

1099 contractor. You pay the full 15.3 percent self-employment tax on every dollar of net profit. On one hundred thousand dollars that is fifteen thousand three hundred dollars before income tax. The upside: every business expense is deductible and you can shelter up to sixty-six thousand dollars pre-tax through a Solo 401k or SEP-IRA.

S Corp. Splits your income into a salary and distributions. Distributions skip self-employment tax entirely. Same one hundred thousand dollars, fifty thousand salary and fifty thousand distributions, and the self-employment tax drops from fifteen thousand three hundred to seven thousand six hundred fifty. Seven thousand six hundred fifty saved every year.

Three levers. Pull the right one on purpose.

W-2: stability, employer covers half, no deductions.
1099: full SE tax, full deductions, major retirement ceiling.
S Corp: splits income, cuts SE tax, best at seventy-five thousand or more in net profit.

At Insogna CPA in Texas, we run the numbers across all three for your specific situation so you make this decision deliberately, not by default.

Schedule your free consultation today.
👉 https://insognacpa.com/contact-us



Disclosure: This post is based on an AI-generated video.

06/17/2026

Making over one hundred thousand dollars in your business? An S Corp unlocks seven specific tax strategies that most business owners never fully use. Every one is legal. Every one is in the tax code. Every one requires a deliberate setup. 💼💸

One: reasonable salary split. Pay yourself a reasonable salary and take the rest as distributions. Distributions skip self-employment tax entirely.

Two: accountable plan. Reimburse yourself tax-free for your home office, phone, and mileage through a formal reimbursement arrangement. Deductible to the business, not taxable to you.

Three: Solo 401k or SEP-IRA. Stack contributions as both employee and employer and shelter tens of thousands of dollars pre-tax in a single year.

Four: self-employed health insurance. Deduct premiums for you and your family above the line, reducing adjusted gross income directly.

Five: hire family. Pay your spouse or children a reasonable wage for real work and shift income into lower tax brackets while keeping it in the household.

Six: the Augusta Rule. Rent your home to your business for up to fourteen days a year. The rental income is tax-free to you. The expense is deductible to the business.

Seven: the QBI deduction. Section 199A can knock another twenty percent off your qualified business income for eligible S Corp owners.

None of these work without the right setup.

Save this. Then talk to a real CPA at Insogna CPA to set it up the right way.
👉 https://insognacpa.com/contact-us

Educational only. Not tax advice.



Disclosure: This post is based on an AI-generated video.

06/16/2026

Got 1099 income? Here is how to legally cut your tax bill without raising a single red flag. Every one of these is built directly into the tax code. 💼💸

Six strategies 1099 earners should be using right now.

Track everything. Software, internet, phone, mileage, equipment. Every ordinary and necessary business expense is a deduction. If you do not track it you cannot claim it.

Home office. A dedicated workspace used exclusively for business covers a percentage of your rent, utilities, and internet. You are already paying for that space. Claim it.

Retirement plan. A Solo 401k or SEP-IRA lets you contribute tens of thousands pre-tax and deduct every dollar. One of the largest single deductions available to self-employed professionals.

Health insurance premiums. If you pay your own premiums and are not covered through a spouse's plan, one hundred percent is deductible above the line for you, your spouse, and your dependents.

Section 199A QBI deduction. Up to twenty percent of qualified business income can be deducted from taxable income under Section 199A. One of the most impactful and most commonly missed deductions for 1099 earners.

S Corp election. When income gets serious, electing S Corp status splits your income into salary and distributions. Distributions skip self-employment tax entirely and that can cut your self-employment tax dramatically.

Save this. Then talk to a real CPA at Insogna CPA to map it all out for your specific situation.
👉 https://insognacpa.com/contact-us



Disclosure: This post is based on an AI-generated video.

06/16/2026

The late nights. The wins. And taxes still running on a prayer. 💼

If any of these five signs sound familiar, it is time to call a CPA before the IRS sends one of its own.

One: you are clearing one hundred thousand dollars or more in profit with no tax plan. At that income level the cost of not having a strategy is measurable and growing every quarter.

Two: you file extensions every year. An extension is not a strategy. It is a signal that the information was never organized and the deadline caught you unprepared again.

Three: you get hit with a surprise tax bill every April. A surprise bill is a planning problem not a tax problem. It means no one ran the numbers during the year or told you what was coming.

Four: you received a letter from the IRS. Every IRS letter requires a response. None of them can be safely ignored. And handling one without context or support is one of the most stressful experiences in a business owner's year.

Five: you have a persistent sense that you are overpaying. Most business owners who feel this way are right.

Stop playing defense. Reactive out. Strategic in.

At Insogna CPA in Texas, we are not preparers. We are thought partners. Strategy, entity structure, cash flow, and a team in your corner year-round.

Make taxes a power move. Schedule your free consultation today.
👉 https://insognacpa.com/contact-us



Disclosure: This post is based on an AI-generated video.

06/15/2026

You did not start your business to master tax forms. But IRS penalties have a way of showing up whether you are ready for them or not. The good news: almost every one of them is avoidable. 💼

Here are the three biggest ones and exactly how to prevent each.

Penalty one: failure to pay. You filed on time but the balance was not with it. From that day, half a percent of what you owe accumulates every month up to twenty-five percent, plus daily interest on top. Prevention: if you cannot pay in full, set up an installment agreement before the penalties compound.

Penalty two: late filing. The return itself arrives after the deadline. This one moves faster at five percent per month, with a four hundred eighty-five dollar minimum after sixty days. File late and pay late and both penalties stack. Prevention: file on time even when you cannot pay. The failure-to-file penalty is ten times larger than the failure-to-pay penalty. Eliminating it is always the priority.

Penalty three: underpaid estimated taxes. Self-employed professionals are expected to pay taxes four times a year: April fifteenth, June fifteenth, September fifteenth, and January fifteenth. Fall short on any quarter and the penalty applies to that shortfall, even if you pay the full year balance in April. Prevention: calculate and pay the correct quarterly amount each period.

Every one of these is preventable with the right partner working the numbers with you year-round.

At Insogna CPA in Texas, that is exactly what we do. Schedule your tax strategy session today.
👉 https://insognacpa.com/contact-us



Disclosure: This post is based on an AI-generated video.

06/15/2026

Real success is not making more. It is keeping more. And the way your business is structured right now might be quietly costing you thousands every year. 💼💸

Here is the problem.

As a sole proprietor on one hundred thousand dollars of profit, you can hand over thirty-three thousand dollars before you touch a single dime. Fifteen thousand three hundred in self-employment tax plus roughly eighteen thousand in income tax. Gone. Because the sole proprietor structure taxes your entire net profit at the full self-employment rate on every dollar.

Here is the fix.

An S Corp is not a new company. It is a tax election. You stay an LLC, file Form 2553, and your profit splits into two parts. A reasonable salary subject to payroll taxes, and distributions that skip self-employment tax entirely.

The math on the same one hundred thousand dollars:
Sole prop: fifteen thousand three hundred dollars in self-employment tax.
S Corp with fifty-fifty split: approximately seven thousand six hundred fifty.
Result: seven thousand six hundred fifty dollars back in your pocket every year.

The four steps: form an LLC, file Form 2553, set up payroll with a reasonable salary, file the annual 1120-S.

It is likely a fit if you are clearing seventy-five thousand or more in net profit, comfortable running payroll, and ready to scale. The goal is to work with the tax code, not against it.

At Insogna CPA in Texas, we handle the entire switch for you.

Pay less. Keep more. Grow smarter. Schedule your free consultation today.
👉 https://insognacpa.com/contact-us



Disclosure: This post is based on an AI-generated video.

06/06/2026

W-2 or 1099? Choose wrong and you could be overpaying thousands in taxes every year. Here is the full breakdown before you decide. 💼💸

W-2 employee. Your employer withholds your taxes, covers half of F**A, and often provides health insurance and retirement matching. The trade-off: you lose access to almost every business deduction. No home office. No mileage. No software write-offs. Your income is taxed as personal income with limited deduction opportunities.

1099 contractor. You pay the full 15.3 percent self-employment tax on net profit. No employer to split it. No automatic withholding. Quarterly estimated payments become your responsibility. But you unlock real deductions: home office, mileage, software, internet, equipment, retirement contributions. These reduce the net profit that both income tax and self-employment tax are calculated on.

The S Corp upgrade. Once your 1099 income gets serious, electing S Corp status lets you split income into a salary and distributions. Distributions skip self-employment tax entirely and that split can save thousands per year on the same income.

Plan for these if you go 1099. Quarterly estimated taxes. Your own retirement plan. Your own health insurance, though the premiums are fully deductible if you are not covered through a spouse.

The right choice depends entirely on your numbers.

Save this. Then run the numbers with a real CPA at Insogna CPA before you sign the offer.
👉 https://insognacpa.com/contact-us

Educational only. Not tax advice.



Disclosure: This post is based on an AI-generated video.

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