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Tag: Payroll

How To Hire Your Kids With A Family Management Company in 2022

Posted on January 28, 2022February 21, 2022

By paying your kids from your business with the right process, you might be able to save around $2,000 in taxes per child.

Guide to remote hiring

The 5-Step Guide To Hiring Remote Employees in 2022

Posted on January 28, 2022February 6, 2022

In the age of remote work and a massive labor shortage, organizations all around the globe are hiring remote workers to fill the gaps within their companies. Read this guide to learn about the basic requirements to be compliant when onboarding and offboarding remote employees.

The Ultimate Guide To S-Corp Retirement Plans In 2022

Posted on January 4, 2022February 1, 2022

Deferring taxes with retirement plans allows you to save on taxes and reinvest those savings and build a much larger portfolio when compared to traditional investment accounts. Knowing the most common plans will help lower your tax bill annually.

How To Pay Yourself: S-Corp Salary Or Distributions?

Posted on December 21, 2021February 14, 2022

One very confusing concept for new business owners is determining how to pay yourself from your business. This article covers the ideal breakdown between S-corp salary or distributions for business owners.

How To Run Payroll For An S-Corporation In 2022

Posted on December 17, 2021February 14, 2022

Failure to file the requisite forms and pay your payroll taxes significantly increases your exposure to an audit by the IRS and your state’s unemployment division which could result in back taxes, penalties, and interest. This is why year-end planning around your compensation is critical.

Payroll Optimization Clever

Optimize Your S-corp Payroll, Save Big on Taxes

Posted on December 17, 2021January 28, 2022

One of the most important elements of tax planning for S-corporation owners is to consider the amount of W-2 salary paid to the owner of the business.

2022 Tax Break for Small Business Owners: The Qualified Business Income Deduction

Posted on August 8, 2021February 2, 2022

Did you know that 2018 was the HUGE tax savings year for business owners when the President signed into law a shiny new deduction – the Qualified Business Income Deduction under Section 199A? The Tax Cuts and Jobs Act was a huge boon for agencies, coaches, and creators in the US, especially when the Qualified…

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