IRS Guidelines for “Reasonable Compensation” in an S Corporation
The IRS closely monitors S Corporations for owners taking unreasonably low salaries to avoid payroll taxes. According to the IRS,
Five common scenarios where an owner might take an owner’s draw instead of a salary.
Maximizing Tax Efficiency (Avoiding Payroll Taxes) Scenario: The owner wants to reduce self-employment taxes (Social Security and Medicare). Explanation: In
GoodWills GoodBiz & NFG Consulting Business Coaching
NFG Consulting is proud to offer business coaching to the students of GoodWill Good Biz Program. These graduates are not
Summer Swing Golf Fundraiser
NFG Sponsors Swing into Summer Charity Golf Tournament NFG proudly sponsored the Swing into Summer charity golf tournament held on