Viewer S-corp Questions: How to pay yourself in S-corp? Pay your business investment back tax free?

In this video, I answer a viewer's question about the s-corporation. We cover how to decide how much to pay yourself, why the s-corp saves money, and how to pay yourself back tax-free after you invest your personal money into the business.
If you want to learn more about setting up the s-corp correctly and to save taxes, join us for the FREE training, "#6 Common Mistakes That Business Owners Make With The S-corporation": www.amandarussell.mba/scorpmi...
You can submit your own business finance questions to be considered for a youtube video topic here: www.amandarussell.mba/questio...
Other Videos You May Like:
HOW DO I PAY MYSELF IN MY BUSINESS [PART 1]: • How To Pay Myself In M...
4 TAX SAVINGS STRATEGIES FOR OWNER PAY [HOW DO I PAY MYSELF IN MY BUSINESS PART 2] • 4 TAX SAVING STRATEGIE...
HOW TO OVERCOME PROCRASTINATION • Procrastination In Bus...
THE EASIEST AND CHEAPEST WAY TO TRACK YOUR ACCOUNTING RECORDS (SOFTWARE VS. APPS VS. BOOKKEEPERS): • Best Way To DIY Your A...
S-CORPORATION CALCULATOR - When & How the S-corp Saves You Taxes! • S-Corporation Tax Calc...
DIY Tax Video Series - File Taxes Online For Free:
- Choosing free way to file for federal and state: • Can I Really File My T...
- STEP-BY-STEP TUTORIAL: Filing your taxes for free in any situation • STEP-BY-STEP Tutorial:...
- STEP-BY-STEP TUTORIAL: How To File a 1099 Online For FREE • How To File Your Self-... - STEP-BY-STEP TUTORIAL: Home Office Tax Write-off - Worksheet for tracking • Home Office Tax Write-...
Other popular videos you may like:
- The Balance Sheet Explained: • Balance Sheet Explaine...
- What is a Holding Company? • What is a Holding Comp...
- Does the LLC save taxes? • Tax Benefits of LLC vs...
- Sole Proprietor vs. LLC vs. S-corp: • Sole Proprietor vs. LL...
- How Businesses are Taxed: • How To Choose Your Bus...

Пікірлер: 4

  • @julietravis6451
    @julietravis64519 ай бұрын

    I finally understand these things. Thank you!

  • @sourcefor
    @sourcefor9 ай бұрын

    Hello, I have a small S corp with 1 employee, me, do I need an accountant or can I do it myself and what is the best software to use for that? And if I need an accountant, can you recommend someone? I am in Florida, thank you!

  • @320MN
    @320MN9 ай бұрын

    I downloaded your spreadsheet templates, Do you plan to update this to 2023? I see it has 2021 mileage rates and standard deductions.

  • @davidscott7682

    @davidscott7682

    4 ай бұрын

    You should be able to do that yourself - separate the cost from the /mile by using the cell to the left. There you can change the cost per mile each year. Then change the formula for total cost to calculate the mileage cell * the cost