The Blueprint to Paying Yourself as an S Corp (2024) скачать в хорошем качестве

The Blueprint to Paying Yourself as an S Corp (2024)

Book a Professional Tax Assessment Call ▶ https://start.taxalchemy.com/consulta... Cost Segregation Tax Savings Calculator ▶ https://taxalchemy.com/cost-segregati... Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_sou... Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registrat... Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326... If you have an S Corp, then it is absolutely crucial to know how to pay yourself correctly. If you don’t, and if you make a few key mistakes, then you could get severely penalized by the IRS. The process of paying yourself as an S Corp is significantly different from paying yourself as an LLC. As a result, many business owners who formerly had LLCs and switched them over to S Corps do not know how to pay themselves correctly. In this video, tax expert Karlton Dennis explains exactly how to pay yourself as an S Corp to prevent getting penalized by the IRS and to make sure that you get all of the hard-earned money that you are entitled to. Additionally, Karlton also explains a few key mistakes that S Corp owners need to make sure that they avoid when they pay themselves. Topics that are discussed in this video include: reasonable salaries, the tax benefits of paying yourself as an LLC, how paying yourself as an S Corp is different from paying yourself as an LLC, and more. CHAPTERS: 0:00 Intro 0:35 LLC vs. S Corp: Reasonable Salary 1:17 Why Do S Corp Owners Get Confused About Reasonable Salary? 4:24 Do S Corp Owners Owe Taxes on Distributions? 5:01 How to Choose a Reasonable Salary for Your S Corp 6:52 Standard Deduction Changes for 2024 7:23 What If You Don't Actually Work in the Business? 7:55 Outro *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #scorporation #payyourselfasanscorp #payrolltaxes #scorp