S Corporation Salary Considerations – Paying Yourself
As an S Corporation shareholder, you are considered both a shareholder and an employee. This creates a few nuances that are unique to S Corporations. This is especially true when it comes to S Corporation salaries. Paying yourself can be very simple if you know what you’re doing. It’s important to make sure you have […]
Making an S Corp Election – Timing
Whenever you decide on making an S election, the timing is pretty important. There are some very specific rules about when you actually have to file your S corp election so you need to have knowledge of the filing requirements in order to make a plan. To learn more about whether or not you should […]
Should I form an S Corp?
Forming an S Corp has become an extremely hot topic in today’s financial world. In a lot of ways, forming an S Corp can be a great business decision, but there can be some disadvantages that need to be considered. What is an S Corp? When I talk about forming an S Corp, […]
Rundown of S Corporation Taxes
Paying S Corporation taxes can be a bit complicated since you’re both an employee and a shareholder. Your requirements are really the same as any other business owner though. Here are some best practices when dealing with S Corporation taxes. Shareholder vs Employee As an employee of an S Corp, your taxes are […]