#511 The Truth About S-Corps: How To ACTUALLY Pay Yourself

Main Street Business

In this episode of the Main Street Business Podcast, host Mark J Kohler tells you all you need to know about S Corporations. Learn how to effectively balance your payroll with profit, understand the fundamentals of business structures, and discover tips to optimize your tax benefits.

Here are some highlights:

• Mark points out the confusion around determining the right payroll amount.
• Introduction to the Kohler Payroll Matrix as a solution.
• Mark breaks down the trifecta: revocable living trust, operations, and assets.
• Details on how LLCs and S corporations fit into the trifecta.
• Importance of taking a salary from the S corporation to save on self-employment tax.
• How the payroll percentage decreases as profit increases.
• Emphasis on not overcomplicating the payroll determination process.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
• Craving more content? Check out my Instagram!

Chapters

1. Choosing S Corporation Payroll (00:00:00)

2. Taking Control of S Corporation Payroll (00:09:37)