One of the benefits of owning a small business is designating it as an S corporation rather than a C corporation. For the IRS, it means that your business doesn’t have to pay income taxes, but there’s a catch. Watch Marc explain the reasonable wages the IRS is going to expect from you.
Are you concerned about looming inflation? As a small business owner, it’s nothing to fear…if you are informed and aware. If we can be a resource in any way, please reach out. In the meantime, this video may be of use to you.