Accounting, Bookkeeping, & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

Filtered by: Small Business

All topicsAccountingBookkeepingNewsPayrollSmall BusinessStarting a BusinessSuccess StoriesTaxes
Blog Thumbnail_New IRS Guidance on Special Depreciation Rule copy.png

S Corp Payroll: What is It and How Does it Work?

AccountingSmall Business

By strategically structuring income, you can potentially reduce your tax bill by thousands each year. But there’s a catch: the IRS requires that shareholder-employees of an S corp pay themselves a “re…

Blog Hero_How to Clean Up Your Business Bookkeeping Before Tax Season.webp

A Guide to Self-Employment Taxes as an S Corp

TaxesSmall Business

An S corp allows owner-employees to split income between salary and distributions. Salaries are still subject to payroll taxes, but distributions generally are not. This structure can unlock significa…