{"id":4207,"date":"2017-01-16T05:48:42","date_gmt":"2017-01-16T13:48:42","guid":{"rendered":"http:\/\/evergreensmallbusiness.com\/?p=4207"},"modified":"2017-01-16T06:35:06","modified_gmt":"2017-01-16T14:35:06","slug":"million-dollar-s-corporation-mistake","status":"publish","type":"post","link":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/","title":{"rendered":"The Million Dollar S Corporation Mistake"},"content":{"rendered":"

\"Picture<\/a>Bad or erroneous tax advice costs small business owners in all sorts of ways. But deciding not<\/em> to run a successful small business as an S corporation may\u00a0rank as the very worst\u00a0mistake an entrepreneur can make. In fact, we should probably call this the “million dollar S corporation mistake.” Because missing the S corporation opportunity may cost you and your family a million dollars.<\/p>\n

Let me run you through the math. And then you can decide whether I’m right or merely exaggerating.<\/p>\n

Reviewing the S Corporation’s Tax Saving<\/h1>\n

Let’s start by coming up with a reasonable estimate of what an S corporation might actually save you in the way of annual self-employment taxes.<\/p>\n

Suppose, for example, that you have a successful small business making $120,000 a year in profits. If you do the self-employment tax calculations that get reported on Schedule SE, you’ll pay about $17,000 in self-employment taxes in this situation.<\/p>\n

Note:<\/strong> A rough estimate of the self-employment tax you pay if you make roughly the FICA tax limit or less is 15% of your wages. But you can get more precise by applying the actual 15.3% tax to an “adjusted for the self-employment taxes” measure of your income. The easiest way to do this is to actually work through the Schedule SE form’s calculations.<\/p>\n

To determine whether you save payroll taxes with an S corporation, you need to compare the self-employment taxes you pay on your business profits if you operate as a sole proprietorship with the Social Security and Medicare taxes you pay on the “substitute” wages you’ll receive from your S corporation if you’re an\u00a0owner-employee.<\/p>\n

In a situation like the one described here, for example, you might pay yourself $60,000 in base wages if the S corporation adds health insurance to your compensation and if the S corporation makes a SEP-IRA contribution for you. (More on all this in a few paragraphs.)<\/p>\n

You need to work out the numbers for your situation. But if you did pay yourself a $60,000 wage and also provide yourself with $12,000 of health insurance, your W-2 box 1 wages equal $72,000.<\/p>\n

If you also add to that $72,000 of W-2 wages a generous SEP-IRA contribution,\u00a0you’re probably paying yourself reasonable wages. However, you’re only paying payroll taxes on that $60,000 of base wages.<\/p>\n

Note:<\/strong> One of the interesting things that happens with an S corporation is that the self-employment health insurance deduction and the SEP-IRA deduction reduce not just your “subject to income taxes” income but also your “subject to self-employment taxes” income.<\/p>\n

If you paid that 15.3% tax on only $60,000 of earnings rather than nearly $120,000 of earnings, you drop your payroll taxes burden to $9,180 annually.<\/p>\n

So, just to make this clear: In a case like we’re discussing here, an\u00a0S corporation drops your payroll taxes from roughly $17,000 a year to roughly $9,000 a year, creating nearly $8,000 of annual payroll tax savings.<\/p>\n

Supercharging Your S Corporation Tax Savings<\/h1>\n

What you should probably consider doing, however, is using any payroll tax savings for a pension plan–and ideally a SEP-IRA plan since that means contributions bump up the shareholder’s compensation but in a manner that doesn’t trigger increased payroll taxes.<\/p>\n

With $8,000 of payroll tax savings, you can actually make about a $9,200 SEP-IRA contribution. You get the extra money, that extra $1,200,\u00a0from the extra tax savings the SEP-IRA contribution generates.<\/p>\n

That $9,200 SEP-IRA contribution grows to about a $1,000,000 in real-dollar, adjusted-for-inflation terms if you run your S corporation for 35 years and earn a 6% real rate of return.<\/p>\n

And so here’s the rub: If you can operate your venture as an S corporation but you don’t, you’re probably leaving a gigantic pile of money on the table. With a successful small business operation, you might even be making the million dollar S corporation mistake described in this post.<\/p>\n

Note:<\/strong> I created a simple Excel workbook to do the calculations referenced in this post. You can grab a copy of that worksheet here:\u00a0scorporationmilliondollarmistake<\/a><\/p>\n

Flies in the Ointment<\/h1>\n

Let me, to be fair, point\u00a0out some practical issues about the million dollar S corporation mistake.<\/p>\n

First, the S corporation must pay its shareholder employee a reasonable wage. In a situation where the business made $120,000, paying the shareholder-employee a $60,000 base wages amount, a $12,000 health insurance benefit, and a $9,200 pension fund contribution is probably going to put you within the realm of reasonableness. But you’d want to carefully check.<\/p>\n

Note:<\/strong> With $72,000 in combined base wages and health insurance benefits, a shareholder-employee would actually be able to contribute as much as 25% of that $72,000, or $18,000, to his or her SEP-IRA. That’d be an easy way to bump the total compensation number. Note that the earlier paragraphs of this discussion assume a $9,200 SEP-IRA contribution.<\/p>\n

Second, you do lose some Social Security benefits if you run this gambit. Someone who earns $120,000 a year roughly gets a $30,000 annual Social Security benefit while someone who earns $60,000 a year roughly gets a $24,000 a year Social Security benefit. You and I would probably take the extra $1,000,000 or whatever rather than the extra $6,000 a year. But we want to be aware of this wrinkle.<\/p>\n

A third, final point: Some other stuff happens when you operate as an S corporation. You’ll be burdened with some extra costs that you don’t have to pay if you’re only a sole proprietorship. You’ll gain some new benefits that you don’t enjoy now if you operate as an unincorporated business. The upshot here? You want to do a bit of research before you jump onto the S corporation band wagon.<\/p>\n

Other Posts Related to the Million Dollar S Corporation Mistake<\/h1>\n

We talk a lot at this blog about Subchapter S corporations, but the three posts below are probably particularly helpful if you’re starting your research. And by the way note that if you do decide to form an S corporation that we provide downloadable, do-it-yourself S corporation kits for all fifty states.<\/a><\/p>\n

Setting Low Salaries for S Corporations<\/a><\/p>\n

Are One-person S Corporations Illegal<\/a><\/p>\n

S Corporation Shareholder-employee Health Insurance<\/a><\/p>\n

Average S Corporation Shareholder-employee Salaries<\/a> (at my S Corporations Explained website)<\/p>\n","protected":false},"excerpt":{"rendered":"

Bad or erroneous tax advice costs small business owners in all sorts of ways. But deciding not to run a successful small business as an S corporation may\u00a0rank as the very worst\u00a0mistake an entrepreneur can make. In fact, we should probably call this the “million dollar S corporation mistake.” Because missing the S corporation opportunity […]<\/p>\n","protected":false},"author":1,"featured_media":4212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[17,10,20],"tags":[],"class_list":{"0":"post-4207","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corporate-taxation","8":"category-personal-finance","9":"category-retirement","10":"entry"},"yoast_head":"\nThe Million Dollar S Corporation Mistake - Evergreen Small Business<\/title>\n<meta name=\"description\" content=\"Not operating as a Subchapter S corporation when you've got a profitable firm may just be the million dollar S corporation mistake.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Million Dollar S Corporation Mistake\" \/>\n<meta property=\"og:description\" content=\"Not operating as a Subchapter S corporation when you've got a profitable firm may just be the million dollar S corporation mistake.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/\" \/>\n<meta property=\"og:site_name\" content=\"Evergreen Small Business\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-16T13:48:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-16T14:35:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2017\/01\/iStock_97900073_SMALL.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"565\" \/>\n\t<meta property=\"og:image:height\" content=\"848\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Stephen Nelson CPA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SeattleCPA\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleCPA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stephen Nelson CPA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/\"},\"author\":{\"name\":\"Stephen Nelson CPA\",\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/#\\\/schema\\\/person\\\/81bbd61b04df6d67d261eaa871e65e36\"},\"headline\":\"The Million Dollar S Corporation Mistake\",\"datePublished\":\"2017-01-16T13:48:42+00:00\",\"dateModified\":\"2017-01-16T14:35:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/\"},\"wordCount\":1003,\"commentCount\":5,\"image\":{\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/iStock_97900073_SMALL.jpg\",\"articleSection\":[\"Corporate taxation\",\"personal finance\",\"retirement\"],\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/\",\"url\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/\",\"name\":\"The Million Dollar S Corporation Mistake - Evergreen Small Business\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/iStock_97900073_SMALL.jpg\",\"datePublished\":\"2017-01-16T13:48:42+00:00\",\"dateModified\":\"2017-01-16T14:35:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/#\\\/schema\\\/person\\\/81bbd61b04df6d67d261eaa871e65e36\"},\"description\":\"Not operating as a Subchapter S corporation when you've got a profitable firm may just be the million dollar S corporation mistake.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/#primaryimage\",\"url\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/iStock_97900073_SMALL.jpg\",\"contentUrl\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/iStock_97900073_SMALL.jpg\",\"width\":565,\"height\":848,\"caption\":\"Picture of Studio portrait of young businessman who did big mistake vertical shot\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/million-dollar-s-corporation-mistake\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Million Dollar S Corporation Mistake\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/#website\",\"url\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/\",\"name\":\"Evergreen Small Business\",\"description\":\"Actionable Insights from Small Business CPAs\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/#\\\/schema\\\/person\\\/81bbd61b04df6d67d261eaa871e65e36\",\"name\":\"Stephen Nelson CPA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fa0c0563c8278d739d19e83181897fe96010490739f2050455931c5de2bf7fdd?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fa0c0563c8278d739d19e83181897fe96010490739f2050455931c5de2bf7fdd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fa0c0563c8278d739d19e83181897fe96010490739f2050455931c5de2bf7fdd?s=96&d=mm&r=g\",\"caption\":\"Stephen Nelson CPA\"},\"url\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/author\\\/seattlecpa2014\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Million Dollar S Corporation Mistake - Evergreen Small Business","description":"Not operating as a Subchapter S corporation when you've got a profitable firm may just be the million dollar S corporation mistake.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/","og_locale":"en_US","og_type":"article","og_title":"The Million Dollar S Corporation Mistake","og_description":"Not operating as a Subchapter S corporation when you've got a profitable firm may just be the million dollar S corporation mistake.","og_url":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/","og_site_name":"Evergreen Small Business","article_published_time":"2017-01-16T13:48:42+00:00","article_modified_time":"2017-01-16T14:35:06+00:00","og_image":[{"width":565,"height":848,"url":"https:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2017\/01\/iStock_97900073_SMALL.jpg","type":"image\/jpeg"}],"author":"Stephen Nelson CPA","twitter_card":"summary_large_image","twitter_creator":"@SeattleCPA","twitter_site":"@SeattleCPA","twitter_misc":{"Written by":"Stephen Nelson CPA","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/#article","isPartOf":{"@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/"},"author":{"name":"Stephen Nelson CPA","@id":"https:\/\/evergreensmallbusiness.com\/#\/schema\/person\/81bbd61b04df6d67d261eaa871e65e36"},"headline":"The Million Dollar S Corporation Mistake","datePublished":"2017-01-16T13:48:42+00:00","dateModified":"2017-01-16T14:35:06+00:00","mainEntityOfPage":{"@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/"},"wordCount":1003,"commentCount":5,"image":{"@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/#primaryimage"},"thumbnailUrl":"https:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2017\/01\/iStock_97900073_SMALL.jpg","articleSection":["Corporate taxation","personal finance","retirement"],"inLanguage":"en","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/","url":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/","name":"The Million Dollar S Corporation Mistake - Evergreen Small Business","isPartOf":{"@id":"https:\/\/evergreensmallbusiness.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/#primaryimage"},"image":{"@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/#primaryimage"},"thumbnailUrl":"https:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2017\/01\/iStock_97900073_SMALL.jpg","datePublished":"2017-01-16T13:48:42+00:00","dateModified":"2017-01-16T14:35:06+00:00","author":{"@id":"https:\/\/evergreensmallbusiness.com\/#\/schema\/person\/81bbd61b04df6d67d261eaa871e65e36"},"description":"Not operating as a Subchapter S corporation when you've got a profitable firm may just be the million dollar S corporation mistake.","breadcrumb":{"@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/"]}]},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/#primaryimage","url":"https:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2017\/01\/iStock_97900073_SMALL.jpg","contentUrl":"https:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2017\/01\/iStock_97900073_SMALL.jpg","width":565,"height":848,"caption":"Picture of Studio portrait of young businessman who did big mistake vertical shot"},{"@type":"BreadcrumbList","@id":"https:\/\/evergreensmallbusiness.com\/million-dollar-s-corporation-mistake\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/evergreensmallbusiness.com\/"},{"@type":"ListItem","position":2,"name":"The Million Dollar S Corporation Mistake"}]},{"@type":"WebSite","@id":"https:\/\/evergreensmallbusiness.com\/#website","url":"https:\/\/evergreensmallbusiness.com\/","name":"Evergreen Small Business","description":"Actionable Insights from Small Business CPAs","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/evergreensmallbusiness.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":"Person","@id":"https:\/\/evergreensmallbusiness.com\/#\/schema\/person\/81bbd61b04df6d67d261eaa871e65e36","name":"Stephen Nelson CPA","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/secure.gravatar.com\/avatar\/fa0c0563c8278d739d19e83181897fe96010490739f2050455931c5de2bf7fdd?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fa0c0563c8278d739d19e83181897fe96010490739f2050455931c5de2bf7fdd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fa0c0563c8278d739d19e83181897fe96010490739f2050455931c5de2bf7fdd?s=96&d=mm&r=g","caption":"Stephen Nelson CPA"},"url":"https:\/\/evergreensmallbusiness.com\/author\/seattlecpa2014\/"}]}},"_links":{"self":[{"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/posts\/4207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/comments?post=4207"}],"version-history":[{"count":0,"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/posts\/4207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/media\/4212"}],"wp:attachment":[{"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/media?parent=4207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/categories?post=4207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evergreensmallbusiness.com\/wp-json\/wp\/v2\/tags?post=4207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}