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Printing S CORP JHGP R 1 GP5248US FRP John Hancock  Form

Printing S CORP JHGP R 1 GP5248US FRP John Hancock Form

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this week on the business owners corner i  want to spend a few minutes talking about   how and when to take cash out of your  business specifically out of an s corporation   a lot of people we run into at our financial  planning firm who have s corporations a lot of the   businesses are doing well they have cash sitting  in the company account but they kind of feel like   the cash is accumulating and i don't really know  what to do with it i don't know how or when to   take it out i don't know how much to keep in there  i don't know what the tax ramifications are and   i'm worried that i'm going to screw something up  if i don't do it thoughtfully so the deal from a   tax perspective when you have an s corporation if  you have five hundred thousand dollars of revenue   and four hundred thousand dollars of expenses  including the w-2 salary that your accountant   probably tells you to take out to pay your

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