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S Corp Business Owners: Are You Paying Yourself a Reasonable Salary?

Posted by Sean DiMercurio CPA CGMA on Jan 05, 2020
Sean DiMercurio CPA CGMA

S Corporations have very specific requirements when it comes to taxation and compensation.  This has led many of those responsible for payroll and bookkeeping at S corporations to make the mistake of failing to provide those shareholders with W-2 wages.

 

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Topics: Payroll, Business Tax