S-Corp Owners: Do THIS Before December 31
If you own an S corporation, Q4 is the time to get your tax planning right.
In this episode of the Know Your Numbers Podcast, Chris McCormack explains why S-corp owners need to pay close attention to reasonable salary, payroll timing, the QBI deduction, employee benefits, depreciation, and year-end business expenses before December 31.
Chris also explains how paying yourself too little or paying your salary too late can affect your tax benefits and potentially create unnecessary IRS risk.
Don’t wait until tax season to discover a problem. Use Q4 to review your numbers, identify opportunities…
The skinny
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