Re: Anyone ever heard of this book or program

[Janet Murphy <janet -at- fuse -dot- net>]

Many small business access that extra money through the purchase of
business-related equipment, lunches/entertainment, payment of mileage, parking
reimbursement, leases on cars, annual bonuses, etc.. There can be tax
implications.  That's what the accountant figures out.

janet

Russ Seligman wrote:

> >-- Payroll tax savings. If you net $80k of self-employment income, you
> >   pay payroll taxes (SS/Medicare) of 14.3% on all of it -- over
> >   $11k. If your corporation nets $80k, it can pay you, say, $50k
> >   salary; the remaining $30k is profit to the stockholders -- that's
> >   you. But you don't pay payroll taxes on the profit distribution,
> >   only on the salary. So you save 14.3% of $30k -- over $4k.
>
> Interesting.  However, at some point you'd want access to that $30k,
> right?  So if you don't get it in salary, how else would you distribute
> it? And wouldn't there be other  tax consequences then?
>
> --Russ



^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Order RoboHelp X3 in November and receive $100 mail in rebate, FREE WebHelp
Merge Module and the new RoboPDF - add powerful PDF output functionality
to RoboHelp X3. Order online today at http://www.ehelp.com/techwr-l

Check out SnagIt - The Screen Capture Standard!
Download a free 30-day trial from http://www.techsmith.com/rdr/txt/twr
Find out what all the other tech writers, including Dan, already know!

---
You are currently subscribed to techwr-l as:
archive -at- raycomm -dot- com
To unsubscribe send a blank email to leave-techwr-l-obscured -at- lists -dot- raycomm -dot- com
Send administrative questions to ejray -at- raycomm -dot- com -dot-  Visit
http://www.raycomm.com/techwhirl/ for more resources and info.