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Balancing Act: Setting Salaries for S Corporation Owners
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The article emphasizes the significance of setting a reasonable salary for S corporation owners to minimize payroll taxes and comply with tax laws. It outlines factors to consider, potential risks, and a simplified guideline for figuring out a reasonable salary.
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How does setting a reasonable salary for S corporation owners influence the overall financial performance of the business?
How might the potential risks of paying too little or not at all impact the financial stability of S corporation owners?
What measures can S corporation owners take to avoid unnecessary attention from the IRS?
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