Defining reasonable compensation and creating an employment agreement for S-Corp owners

business wisdom s-corp compensation and employment

A common question among S-Corp shareholders is “how much does my business pay me?” In order to figure reasonable compensation there are multiple factors to take into consideration. Some of them are: What is your experience and training What are your duties and responsibilities How much time and effort do you put in What are […]

If you use a personal vehicle for work purposes, you may be able to deduct some of the expenses on your tax return. There are two general methods of deducting your vehicle expenses. Standard Mileage rate Actual expenses and Depreciation You may not use the standard mileage rate for a vehicle after claiming accelerated depreciation […]

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Monthly Archives: July 2015

Defining reasonable compensation and creating an employment agreement for S-Corp owners

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