Unlock the “S Corp Secrets: Save Thousands in Taxes This Year!” and revolutionize your tax strategy! 🌟 Facing the maze of tax laws can be A LOT, but what if I told you there’s a way to navigate through it, saving thousands while adhering to IRS standards? Welcome to the episode where we dive deep into the world of S Corporations and how they can be your golden ticket to tax savings in 2024.
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What’s up family and millionaires in the making! đź’° Ready to embark on a journey towards tax-free living, enhance your financial literacy, and start building wealth like never before? You’re in the right place! Today, we’re unraveling the mysteries of properly paying yourself from an S Corp—a strategy that could potentially save you a fortune in taxes.
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This video is packed with insights on leveraging your LLC or C Corp, turning it into an S Corp, and understanding the critical importance of running payroll for yourself as the owner. From choosing the right payroll software like Gusto, ADP, or QuickBooks Payroll to determining a ‘reasonable salary’ that complies with IRS guidelines, we cover it all!
Let’s get it!
0:00 – S Corporation Salary Guide
0:30 – Introduction to S Corp Salaries
1:09 – Understanding S Corporations
4:04 – S Corp Payroll Requirements
5:18 – Determining Your S Corp Salary
7:51 – S Corp Salary Payment Frequency
9:16 – Setting Up Your S Corporation
