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Matters of significance to “S” Corporations and its Shareholder(s)

  In consideration of the 80,000 plus additional IRS agents in the Biden Administration’s proposed Build Back Better Legislation, we want to remind all “S” Corporation clients of three matters important to protecting yourself from adverse tax consequences. After reading, if you have any questions or need assistance please contact your resource at BFI. REASONABLE SHAREHOLDER SALARY: The IRS places a HIGH priority [...]

Matters of significance to “S” Corporations and its Shareholder(s)2021-11-30T10:16:31-06:00

How to Pay Yourself as an S-Corp Owner

As an S-corporation owner – how do I pay myself?? One of the biggest advantages of running your business as an S-corporation is minimizing the 15.3% Self-Employment Tax. To do that, you typically pay yourself a reasonable salary based on the work you perform for your company. The amount you pay yourself via salary tends to be much less than your total company [...]

How to Pay Yourself as an S-Corp Owner2021-03-15T11:56:02-05:00
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