salary red flag

One of the great benefits to having a C or an S Corporation (or an LLC taxed as one or the other) is the ability to split your income into a salary stream and a profit-sharing stream. This simple step can save you thousands of dollars each year in taxes.

The trick is knowing where to make the split. 50-50? 60-40? 75-25? In this week’s Online Workshop, we’re taking about corporate salaries and benefits. Find out how to calculate your salary to profit ratio to minimize your taxes and maximize your take-home income.