Pay Yourself Correctly: S-corp Owners
If you own an S corporation, Q4 is the time to get your tax planning right.
In this episode of the Know Your Numbers Podcast, Chris McCormack continues in our Q4 Tax Planning series.
Know Your Numbers Podcast • Episode 160
Chris explains why S-corp owners need to pay close attention to reasonable salary, payroll timing, the QBI deduction, employee benefits, depreciation, and year-end business expenses before December 31. He also explains how paying yourself too little or paying your salary too late can affect your tax benefits and potentially create unnecessary IRS risk.
Don’t wait until tax season to discover a problem. Use Q4 to review your numbers, identify opportunities, and make strategic moves before the year ends.
Key strategies in this episode:
Why Choose an S Corp
Reasonable Salary Rule
Payroll Timing Matters
QBI Deduction Wage Limits
Benefits and Deductions
Depreciation and Investments
The tax code isn't just a burden. When you plan ahead, it can become a blueprint for making smarter financial decisions and building long-term wealth.
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