Confused about S Corps?
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The way you deduct medical premiums on an S Corp return is very different from what you are used to doing on your personal return with...

Your S Corp finally started to bring profits and money is sitting in your business account, and you itch to take it out. But how? As you probably heard, the IRS considers an S Corp owner both an employee and an investor. Hence, you move money out of the S Corp in two ways: by paying yourself a salary as an employee and by simply taking money out of the company as an investor. S Corp Salary vs. S Corp Distributions A salary is your employee side of the pay and it is reported o

One of the biggest perks of an S corporation is the potential to reduce payroll taxes. The lower the shareholder's compensation, the less...