richardson tx scorporations: Richardson TX - S-Corporation Shareholders & Reasonable Compensation - 07/17/19 06:19 PM
Many small businesses elect to file income taxes as S-Corporations. As an S-Corporation, income taxes are not paid at the corporate level as C-Corporations are, but flow to the personal tax returns of their shareholders, where taxes are reported and paid.
 
One of the perceived advantages of electing S-Corporation status for a business is the ability to avoid or minimize self-employment taxes on earnings or a part of earnings.  How does this work? An S-Corporation shareholder may be both an Shareholder/Investor and an employee of the business.  As an employee, they should be paid wages for their services, just as any other … (0 comments)

 
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