Month: April 2023

If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corp salary vs dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments. Therefore, if funds are paid as dividends, they’re taxed twice, once to … Continue reading “4 Ways Corporate Business Owners Can Help Ensure Their Compensation Is “Reasonable””