How to pay myself with the least amount of tax? - s corp simple ira total contribution limits 2010
I am co-owner of an S-corp, where my partner and I 50/50. Currently, we have to pay 12,000.00 a month. we have in the accounts for 4000.00 per month with each of the ADP, the other is necessary, however, to 8000.00, you can assign the best, no fiscal impact on high. Activities at 3,000-4,000.00 costs as "costs" and go into a Roth, 333.33, 1000.00 and Simple IRA will, but what about the rest ... What are your recommendations for children, where pay "is", without being paid for by us and kazoo taxed.
This would contribute ideas and direction would be very grateful.
Thursday, February 11, 2010
S Corp Simple Ira Total Contribution Limits 2010 How To Pay Myself With The Least Amount Of Tax?
2 comments:
It is a moot point. It is true that the S-Corporation is a company happen, but it is still a company, and it is impossible to run a business. The IRS guidelines are loose, I would like to see on your suggestions. The other source offers a vision of a small problem.
It is a moot point, really. An S Corp is just one step through the setup. You need to go through profits to shareholders each full year, although not distribute income. The only way you can reduce your tax liability is less than your income. This is simply not make sense!
Do not make business decisions solely on taxes! Keep them in the right perspective. Even if you are at the upper end of the tax year, still have 65 cents of every dollar.
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