Viewer S-corp Questions: How to pay yourself in S-corp? Pay your business investment back tax free?

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In this video, I answer a viewer's question about the s-corporation. We cover how to decide how much to pay yourself, why the s-corp saves money, and how to pay yourself back tax-free after you invest your personal money into the business.

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I finally understand these things. Thank you!

julietravis
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Hello, I have a small S corp with 1 employee, me, do I need an accountant or can I do it myself and what is the best software to use for that? And if I need an accountant, can you recommend someone? I am in Florida, thank you!

sourcefor
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I downloaded your spreadsheet templates, Do you plan to update this to 2023? I see it has 2021 mileage rates and standard deductions.

MN