#512 The Truth About S-Corps: How To ACTUALLY Pay Yourself

Main Street Business

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.

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Chương

1. Choosing S Corporation Payroll (00:00:00)

2. Taking Control of S Corporation Payroll (00:09:37)