367: Paying Yourself Before Year-end: S-Corps and LLCs
Main Street Business
00:00
What's Going on When You're Doing This Pay Roll?
Take a w two and then take some net income, or draw this is profit coming through the business. You're not paying into medicar im. So securedy on that, there's no self employment tax. That's 15 % tax savings on 60 grand. And we've got podcass dedicated to the escorp strata. But just remember those escorp owners when you're doing pay roll here. Remember this w two alsony's to include retirement plan contributions is box 12.
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