GoodOldBoys
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GoodOldBoys7 karma
The people you know that commute, how far are they generally coming from? Any of them that live far away and fly?
GoodOldBoys7 karma
The people you know that commute, how far are they generally coming from? Any of them that live far away and fly?
GoodOldBoys49 karma
If your company is an S corp - you can pay yourself a modest salary and then get the rest of the profit in the form of a dividend. It saves you money on taxes because you don't need to pay payroll taxes on the dividend income.
The IRS is well aware of the potential for abuse here, however, and so most smart accountants will make sure you're paying yourself a fair market salary.
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