April 15th might feel like the deadline, but some of the most important tax decisions need to happen long before then.

In part two of my conversation with Garrett Alexander, co-founder of Game On Financial, we break down three things creators should be doing now to make tax season easier—and potentially keep more of what they earn.

Garrett explains why consistent bookkeeping matters more than most creators realize, when it may be time to formalize your business with an LLC, and when an S Corp could start saving you thousands in self-employment taxes.

We also dig into how an S Corp actually works, why you can’t just pay yourself a tiny salary, how “reasonable compensation” affects your audit risk, and why your payroll and retirement strategy need to work together.

If your creator income is growing, this episode will help you understand the financial decisions worth making before tax season—not after it.

This is part two of my conversation with Garrett. If you missed Episode 11, go back and listen to our discussion about commonly missed creator deductions and how to know whether an expense is actually deductible.

Chapters:

02:19 — Why Bookkeeping Saves You Money

04:16 — LLC or S Corp? What Creators Need to Know

08:27 — When Should You Become an S Corp?

09:23 — How an S Corp Can Save You Thousands

13:53 — The S Corp Salary Mistake That Can Trigger an Audit

20:03 — How Accountants and Financial Advisors Work Together

25:56 — Don’t Wait Until April 15th

Key Moments:

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Disclosure:

Investment advisory services are offered through Creator Money, a DBA of Forefront Advisor Network, an Investment Adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. The presence of this podcast shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons in another jurisdiction unless otherwise permitted by statute. FAN/FWP will not provide follow-up or individualized responses to consumers in a particular state when rendering personalized investment advice for compensation without first complying with jurisdiction requirements or pursuant to an applicable state exemption. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel before implementation. Investing in securities involves risks, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.