Main Street Business

#512 The Truth About S-Corps: How To ACTUALLY Pay Yourself


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In this episode of the Main Street Business Podcast, host Mark J Kohler tells you all you need to know about S Corporations. Learn how to effectively balance your payroll with profit, understand the fundamentals of business structures, and discover tips to optimize your tax benefits.

Here are some highlights:

  • Mark points out the confusion around determining the right payroll amount.
  • Introduction to the Kohler Payroll Matrix as a solution.
  • Mark breaks down the trifecta: revocable living trust, operations, and assets.
  • Details on how LLCs and S corporations fit into the trifecta.
  • Importance of taking a salary from the S corporation to save on self-employment tax.
  • How the payroll percentage decreases as profit increases.
  • Emphasis on not overcomplicating the payroll determination process.
  • Grab my eBook 30 Unique Strategies Every Business Owner Should Know!
  • You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360
  • Looking to connect with a rock star law firm? KKOS is only a click away!
  • Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification.
  • Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
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Main Street BusinessBy Mark J Kohler and Mat Sorensen