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Daily Archives: August 22, 2022

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What Is a Reasonable Salary for S Corp? A Basic Guideline

businessBy MI Tax CPAAugust 22, 2022

Filing as an S corporation, also known as S subchapters, offers several tax savings, making them appealing to business owners. S corporations don’t pay taxes on revenue—the owner does. The business structure allows the S Corp to avoid double taxation, unlike a C Corps, where the business and the owner must pay income taxes. Business…

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