If you’re an S Corporation owner, listen up — most accountants are way too conservative when it comes to payroll.
They’ll scare you with, “You’ll get audited if you don’t take enough salary,” and force you to take far more in FICA wages than is reasonable. That means you’re paying thousands more in taxes than necessary.
You are the captain of your ship. Reevaluate your payroll level. Learn what’s reasonable based on your profit and industry — not fear.
At our firm, we’ve never had a client audited for taking too low but reasonable compensation in over 25 years. So if your accountant’s freaking out, it might be time to find one who actually understands S corp strategy.
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