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700 CALIFORNIA FORM Schedule E Income Gifts Travel Payments, Advances, and Reimbursements Fair Political Practices Commission a

700 CALIFORNIA FORM Schedule E Income Gifts Travel Payments, Advances, and Reimbursements Fair Political Practices Commission a

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Video instructions and help with filling out and completing 700 CALIFORNIA FORM Schedule E Income Gifts Travel Payments, Advances, And Reimbursements Fair Political Practices Commission A M E Nd M E Nt Reminder You Must Mark The Gift Or Income Box

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Instructions and help about 700 CALIFORNIA FORM Schedule E Income Gifts Travel Payments, Advances, And Reimbursements Fair Political Practices Commission A M E Nd M E Nt Reminder You Must Mark The Gift Or Income Box

all right so you officially elected S Corp status for your business but but you have no idea on how to set up payroll to pay yourself as an S corp owner if that's you then don't worry in this video I'm going to walk you through each step on how to do this correctly so that you are in compliance with the IRS requirements for S Corp compensation [Music] hey it's Sherman with my CPA coach where we guide business owners to more tax savings and less stress we advise a lot of our tax planning clients to set up S corporations for one simple reason to avoid the 15.3 percent self-employment tax if you earn ordinary income from your business and you are not an S corp or C corporation then you may be subject to thousands of dollars more in self-employment taxes that could instead be reinvested back into your business for example if you earned one hundred thousand dollars in business income then technically you would be subject to over fifteen thousand dollars in se

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