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367: Paying Yourself Before Year-end: S-Corps and LLCs

Main Street Business

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The Average Small Business Owner Makes Between 80 and One Hundred and Ten Thousand Dollars a Month

Under i r s rules, you don't have to take a pay roll because you never paid yourself. You want o focus on draws when you're allicating payroll. The iras isn't going to chase down pennies. They're looking for the abusers that are like, they made a hundred ad 50 grant and they took thousand dollar salary. But there are those people to go.

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