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#512 The Truth About S-Corps: How To ACTUALLY Pay Yourself
Manage episode 428050393 series 1248143
In this episode of the Main Street Business Podcast, host Mark J Kohler tells you all you need to know about S Corporations. Learn how to effectively balance your payroll with profit, understand the fundamentals of business structures, and discover tips to optimize your tax benefits.
Here are some highlights:
- Mark points out the confusion around determining the right payroll amount.
- Introduction to the Kohler Payroll Matrix as a solution.
- Mark breaks down the trifecta: revocable living trust, operations, and assets.
- Details on how LLCs and S corporations fit into the trifecta.
- Importance of taking a salary from the S corporation to save on self-employment tax.
- How the payroll percentage decreases as profit increases.
- Emphasis on not overcomplicating the payroll determination process.
- Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
- You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
- Curious what my new certification is all about? Learn More
- Looking to connect with a rock star law firm? KKOS is only a click away!
- Grab my FREE Ultimate Tax Strategy Guide HERE!
- Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
- Craving more content? Check out my Instagram!
Разделы
1. Choosing S Corporation Payroll (00:00:00)
2. Taking Control of S Corporation Payroll (00:09:37)
652 эпизодов
Manage episode 428050393 series 1248143
In this episode of the Main Street Business Podcast, host Mark J Kohler tells you all you need to know about S Corporations. Learn how to effectively balance your payroll with profit, understand the fundamentals of business structures, and discover tips to optimize your tax benefits.
Here are some highlights:
- Mark points out the confusion around determining the right payroll amount.
- Introduction to the Kohler Payroll Matrix as a solution.
- Mark breaks down the trifecta: revocable living trust, operations, and assets.
- Details on how LLCs and S corporations fit into the trifecta.
- Importance of taking a salary from the S corporation to save on self-employment tax.
- How the payroll percentage decreases as profit increases.
- Emphasis on not overcomplicating the payroll determination process.
- Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
- You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
- Curious what my new certification is all about? Learn More
- Looking to connect with a rock star law firm? KKOS is only a click away!
- Grab my FREE Ultimate Tax Strategy Guide HERE!
- Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
- Craving more content? Check out my Instagram!
Разделы
1. Choosing S Corporation Payroll (00:00:00)
2. Taking Control of S Corporation Payroll (00:09:37)
652 эпизодов
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