If you own a company and want to take money out of it without paying a lot of taxes, there are different ways to do it. One way is to get paid a salary for the work you do for the company. Another way is to get benefits like insurance or help with taking care of your family. You can also get money back if you lent money to the company or sold something to it. But you have to be careful and follow certain rules so that you don’t have to pay a lot of taxes. If you want to learn more about these ways, I can help you get the maximum out of your corporation at the minimum tax cost. Please call me at 856-665-2121.
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
dividend
Reasonable Compensation For Business Owners
Know the ins and outs of “reasonable compensation” for a corporate business owner Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct...
