The Five Minute Payroll monograph explains how to do simple cookie-cutter payroll for most one-employee S Corporations using base salary amounts of $10,000 a quarter or $16,000 a quarter. Furthermore, the e-book provides some common-sensed tips you can use to set a reasonable salary for your S corporation and to minimize your state payroll taxes …
Additionally, S-Corps s corp payroll may issue bonuses or reduce shareholder-employee compensation based on business success and projected profits. This requirement only applies if S Corp owners are paying distributions to shareholders. Then, they must receive a reasonable salary for their work at the company. Shareholders, however, generally have more leniency with their pay frequency …
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