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Peachcare Tax Form

Peachcare Tax Form

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all right so how do you pay yourself with the S Corp you do it through payroll and through distributions now I recommend that you get payroll done using a payroll provider like ADP QuickBooks Gusto Etc whole bunch out there they're going to handle your payroll now how do you get paid with the distributions with our example that we had we ran 40 000 through payroll as a W-2 and then we had 60 000 left over in profits now it's simple as this we know how the Forty thousand with the W2 is going to work it's going to get ran through payroll we've all had a job previously we know how those work but that sixty thousand how do I get that 60 000 to my personal account it's easy as this just transfer the money to your personal account all right so what if your company is not making any money do you need to be running payroll the quick answer is no the iris's rule on how much you should be paying yourself through payroll is a reasonable compensation

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