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New Business Launch: I just set up an S-corporation for my business. How do I go about paying myself?
MJ
MJ
Moswen James, Founder of Get Help Tax answered:

If you are the officer of the S-corporation working substantially in the business then you should draw a reasonable salary. You do this by treating yourself as an employee and running your wages through payroll, withholding payroll taxes, etc.

You can learn more about that at https://gethelptax.com/how-to-pay-yourself-from-an-s-corp/

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