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110 \\ Paying Yourself: Mastering W2 Salaries and Equity Distributions for Business Owners
Manage episode 422246462 series 3399967
Indhold leveret af Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
In this episode, we dive into a big question many business owners have: How much should you pay yourself? We'll break down the rules from the IRS on wages and equity distributions for S corporations.
You'll learn what "reasonable compensation" means and how to figure out the right amount for your salary. Plus, we'll discuss how to take extra cash out of your business without getting into trouble with taxes. Whether you're a solo entrepreneur or running a bigger business, this episode will help you understand how to pay yourself properly and avoid IRS issues.
Tune in for simple, clear advice to make sure you're doing things right and keeping more of your hard-earned money!
Next Steps:
💰 Chop Taxes Now! 💰 https://tiffanytrimstaxes.com/
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> tiffany@thetiffanyphillips.com
📲 Follow me on IG @ the.tiffany.p.cpa
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