Thread: S-Corp Wages
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Old 01-23-2013, 11:59 PM
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snomaha snomaha is offline
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Join Date: Jan 2004
Location: midwest
Posts: 500
Quote:
Originally Posted by 205mx View Post
This is a question for those of you who operate your business as the president of the S-corp. ( eg; mow man, inc...)

The tax code states that you pay yourself a reasonable wage for the industry.
this is vague at best. Can you pay yourself based on commission? or maybe salary plus commission? then bonus dividends at the end of the month or year?

Someone with some experience, please elaborate.

Thank you.
My experience has been to take a fair market salary I can live on - take tax distributions quarterly and keep profits in the company to fund growth.
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