Very detailed and easy to understand, you broke everything down so it sounds simple. I’ve watched plenty videos on this topic and this was the easiest to understand. Thanks😃
Great video. My SMLLC was elected S corp late in the year. Until my approval letter came I was just re-investing everything back into my businesses. How can I be compliant with the “reasonable compensation” rule if there’s no money in the bank, no quarterly taxes filed, and 1 owners draw recorded? Your sage advice would be sooo helpful 😅
I sell "new construction" houses and this is my first year. If I have more losses than profit because my house has not sold yet, do I still have to pay myself a "reasonable salary" even though my company is around -$500,000 in losses and no profit yet until the house sells?
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Very detailed and easy to understand, you broke everything down so it sounds simple. I’ve watched plenty videos on this topic and this was the easiest to understand. Thanks😃
Man I love your videos and how simple you break it down watched a 35 min video for what you taught me in under 9 min 🙏🏾👍🏾
Love S corp videos. Very informative !
More to come!
Thank you for taking time to share this MUST NEEDED info. May u be highly blessed!
Yes a would like to know more about a reasonable compensation for myself with my s-corp
You are a wonderful teacher!! Great examples and explanations, I appreciate you taking the time to do this
Great video. My SMLLC was elected S corp late in the year. Until my approval letter came I was just re-investing everything back into my businesses.
How can I be compliant with the “reasonable compensation” rule if there’s no money in the bank, no quarterly taxes filed, and 1 owners draw recorded?
Your sage advice would be sooo helpful 😅
I did many draws on my S Corp including purchasing property, all they all considered excess distribution since this exceeds my basis
Finally found a video that explains how to..and which forms.
Great Job. Thank you from Portland Oregon.
Very good video with much insight. Thank You.
Thank you Queen appreciate the insight!! Will be requesting the services!!
What is a reasonable compensation? Is there a certain percentage?
What is a reasonable compensation?
what if you pay yourself under 1099? instead of W2?
If you are an owner, you will get a w2 and a k1
Impressive communication skills
I would like more info about reasonably paying yourself
So do payroll apps like quickbooks do all of this automatically or do I have to manually file everything quarterly and annually??
What would u suggest I'm self employed barber an I also have trading investments. Plus I would love to move my asset under the s.corp if possible
Will a cpa handle all of this for me?
I find these things a bit overwhelming.
I have been racking my brain about this 🥴what is a "reasonable compensation"?
Absolutly Amazing !
Great video.
Glad you enjoyed it
What if no wages were paid to me as the only employee? I started my Corporation on December 14th, 2022.
Another great video. Is an S Corp required to have stock?
Damn you're gorgeous ❤️
Hey Krystal. Hope you guys are doing fine
All is well!
I thought s corps did not have to do quarterly, just the annual? that's what I keep hearing
anything to worry about on the state's side?
It’s very detailed.
I sell "new construction" houses and this is my first year. If I have more losses than profit because my house has not sold yet, do I still have to pay myself a "reasonable salary" even though my company is around -$500,000 in losses and no profit yet until the house sells?
Perfect
thanks for watching
What bookkeeping software do you recommend?
I have an S corp since 2016... havent really operated since my husband died in 2017. Now im ready to go and need some advice are you available?
Is there a service that does all of this for you!
What would be a reasonable compensation for me as a mother to a child actor?
What do you consider a reasonable compensation for a rural farmer in South GA?
If no comps exist for what you do, 1/3 of net income is generally considered "reasonable".
What does it mean to pay yourself a “reasonable compensation”? The term is so vague.
@@SectionChief thank you for the response.
@@nowisdumb9773 my pleasure.
C corp
now what next?
That might have to be next up 🤔
Just subscribed and oh yeah #hookem
This sista fine and and she got the game down packed. 💍
First
Amazing information. Thank you for sharing.
Great video
Thanks for watching