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May 14, 2019
Question

Setting Payroll and bonuses

  • May 14, 2019
  • 1 reply
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How do I decide how much to pay myself and how much goes to taxes? Can I do that annually?

    1 reply

    Hi Palms
    May 15, 2019

    Self employed people do not pay themselves a salary or wage. Sole proprietors and partners are self employed. Shareholders of S-corporations have to pay themselves a reasonable salary for their services.