In today’s ride, we delve into the world of S corporations and partnerships to address a common question from owners and partners—compensation. Join us as we explore the two different ways you can receive compensation: salaries/wages and guaranteed payments for corporations, and distributions for partnerships. We break down the tax implications, impact on taxable income, considerations for fair share payment, cash flow management, and the importance of basis in decision-making. Discover key insights to help you navigate compensation choices effectively. If you have further questions, don’t hesitate to reach out. Buckle up and let’s dive in!
How Do I Pay Myself From My Partnership? distribution or guaranteedpayment
