Accountable plan
Your corporation reimburses the business costs you pay personally — tax-free to you, deductible to it.
Strategies
Each guide covers the rules, the deadlines, the records it takes, the arithmetic — and when it doesn't fit, because sometimes the right answer is no. Written for owners of S corporations.
Your corporation reimburses the business costs you pay personally — tax-free to you, deductible to it.
Whether electing saves more than the payroll and the second return cost — a yes or a no, with the arithmetic.
What you owe in Social Security and Medicare on your own profit, what to set aside each quarter, and whether an S corporation would cut it.
Renting your home to your business for up to fourteen days, at a rate you can document.
What a business vehicle deduction is worth — and why it's never worth more than the money spent.
Your salary against your distributions, and why this one is a judgment call.
What it's actually worth in an S corporation, where their wages carry payroll tax.