TaxLoopholes Blog
New Online Workshop: Corporate Salaries & Benefits
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.
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My Journey to a Million Dollars in 2 Years or Less
In 2005, I said that I was going to buy a house and make a million dollars. I DID IT! This time I’ve pledged to take business assets I’m not using and make another million dollars. But this time, I want you to join me on the journey. Visit Business to Investment. Join us!
