Harrisburg Bookkeeping tip of the day. There are a lot of benefits to setting up your business as an S corporation. Primarily, you won’t pay self-employment tax on your corporate income. However, you as the owner need to pay yourself a reasonable salary. If you take a salary that’s below market value for the service you perform or claim all of your income through owner distributions you may be audited and penalized by the IRS. I always recommend, outsource your payroll to a professional company

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