429 \\ $40K vs $98K: The Real S Corp Salary Formula That Saves Thousands

How much should you pay yourself from your S corporation? Get it wrong in either direction, and it could cost you. Pay yourself too little, and you may create an IRS red flag. Pay yourself too much, and you could waste thousands in payroll taxes. In this episode, Tiffany Phillips explains how reasonable compensation actually works. You will learn why there is no magic 40/60 rule, how to use market data to find a defensible salary, and why your salary should be reviewed as your business changes. You will also hear real examples of business owners who were paying themselves too little or too much, plus the documentation that can help protect your decision. These tax strategies can improve your tax planning, strengthen compliance, and create real tax savings. If you own an S corp, listen now before you run your final payrolls of the year. Next Steps: 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at [email protected] ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉if you want me to keep walking through these planning moves, comment PLAN and I’ll get you some more information.