#512 The Truth About S-Corps: How To ACTUALLY Pay Yourself

from Main Street Business · host Mark J Kohler and Mat Sorensen

In this episode of the Main Street Business Podcast, host Mark J Kohler tells you all you need to know about S Corporations. Learn how to effectively balance your payroll with profit, understand the fundamentals of business structures, and discover tips to optimize your tax benefits.Here are some highlights:Mark points out the confusion around determining the right payroll amount.Introduction to the Kohler Payroll Matrix as a solution.Mark breaks down the trifecta: revocable living trust, operations, and assets.Details on how LLCs and S corporations fit into the trifecta.Importance of taking a salary from the S corporation to save on self-employment tax.How the payroll percentage decreases as profit increases.Emphasis on not overcomplicating the payroll determination process.Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohlerCraving more content? Check out my Instagram!

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How long is this episode of Main Street Business?

This episode is 11 minutes long.

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This episode was published on July 9, 2024.

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