S Corporation Owners – How Much Salary is the Right Amount?
Bharmal&Associates
OCTOBER 23, 2020
First, if it’s too low and you get caught by the IRS, you will pay not only income taxes and self-employment taxes on the too-low amount, but also both payroll and income tax penalties that can cost plenty. Premier Orange County CPAs. Cost Approach. million in revenue and 19 employees: Task. Planning note.
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