Hey I love your content I would love to have your help please ❗️ This is my first year as a S- corp can how can we handle this ? I will visit your site as well I am of of the examples that you said about waiting but I just so knew I didn’t know.
So pay entire salary at the end of year which option do pick for taxes since it is classified as a bonus. Asking so all approved taxes can be deducted. I have gusto but I’m confused at what option as my salary says $30000 for the year
Urgent need of help. Started my s corp on March 15th 2023. It is a painting company. It’s been active since March 2023 but I have not enrolled in a payroll plan and I also have not made any income yet. How do I pay myself a reasonable salary if I didn’t make any income? What step should I take first?
Some advisors would say 1) file S-Corp return without reasonable salary since you missed the deadline and 2) become compliant as soon as possible going forward - For specific advice, book a consult here: mycpacoach.com/contact/
Best video by FAR. Thank you so much for being so concise and to the point. I know exactly what I need to do now.
Glad you found this helpful. Good luck!
Exactly what I needed.
Awesome, I knew this had to help someone!
Hey I love your content I would love to have your help please ❗️
This is my first year as a S- corp can how can we handle this ?
I will visit your site as well I am of of the examples that you said about waiting but I just so knew I didn’t know.
Did you purchase a payroll plan yet?
So pay entire salary at the end of year which option do pick for taxes since it is classified as a bonus. Asking so all approved taxes can be deducted. I have gusto but I’m confused at what option as my salary says $30000 for the year
Since you have gusto, You can select the off cycle payroll run option and submit it as a one time payment.
@@mycpacoach what about all the taxes from w4 that need to be taken out? I thought a bonus is taxed at higher rate?
As a realtor who makes inconsistent income but I gross 60k in my first year. Can I pay myself in bonuses that vary?
Are you an S Corp?
Urgent need of help. Started my s corp on March 15th 2023. It is a painting company. It’s been active since March 2023 but I have not enrolled in a payroll plan and I also have not made any income yet. How do I pay myself a reasonable salary if I didn’t make any income? What step should I take first?
Some advisors would say 1) file S-Corp return without reasonable salary since you missed the deadline and 2) become compliant as soon as possible going forward - For specific advice, book a consult here: mycpacoach.com/contact/
@@mycpacoach can I do this through quickbooks??
@@mycpacoach I missed the part about the deadline. What deadline?