Paying Yourself from an S Corp Distribution: Understanding Basis, PPP Loan, and Tax Implications
How do I pay myself from a S corp distribution? A commonly touted strategy to set your S Corp salary is to split revenue between your salary and distributions – 60% as salary, 40% as distributions. Another common rule, dubbed the 50/50 Salary Rule is even simpler, with 50% of the business income paid in … Read more