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Life Business and Money - How Much Do I Get Paid?

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Steven Kay

Steven Kay

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A number of small business owners often haven’t a clue as to how they go about determining what their salary should be so therefore they will often take draws from the company to avoid dealing with payroll taxes and avoiding having to make that tough decision.  However if your taxes are filed as an S-Corp, you are required to take a “reasonable” amount in the form of a paycheck, so it’s imperative that you determine what you need to do.
 

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