Month: April 2021

Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments. Thus, if a business is paying funds as dividends, they’re taxed twice. Once … Continue reading “Know the Ins & Outs of “Reasonable Compensation” for a Corporate Business Owner”