We do not discriminate, and neither does the tax law. Everyone is subject to the same rules and regulations and we’re here to help everyone navigate those complexities.
The IRS requires all S-Corp owners to take a reasonable wage. The remaining profits can be taken out as distributions. Unfortunately, there are not explicit rules defining a reasonable wage, as each situation is considered separately, but there are some specific factors tax courts have focused on for you to be aware of.
โ Gary Haworth
1880 Livingston Ave, Suite 201
West St Paul, MN 55118
Phone: (651) 451-9373
Fax: (651) 451-5923
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We love all of the details and strategies in the world of tax and accounting, but weโre guessing you donโt. Between the tens of thousands of pages of tax law, differing laws by state, and sweeping legislation that rewrites it all, there is a lot small business owners need to keep up to date on. Offload that stress to the experts and go back to running the business youโre passionate about.
From bill-pay to tax planning, we offer the services that small businesses need.
From monthly reporting to sales tax, discover how we handle your finances so you can focus on running your business.
Learn how our team provides the guidance and insight you need to make smart choices for your small business.
Let our expert team help you simplify and streamline your payroll processing along with 24/7 HR support.
As a full-service tax office, learn how we not only prepare returns, but help clients plan ahead.