There are 3 way s in which S-Corp owners can be paid
1- W-2 monthly payroll - S-corp owners are required by the IRS to pay themselves as Employees through official W-2 Payroll. We'll tell you the absolute minimum salary you should take, in order to keep your monthly payroll taxes as low as possible.
When paychecks are issued various taxes are calculated and deducted from gross pay, resulting in a net paycheck; withheld taxes are automatically submitted to various tax agencies for each payroll.
S-corp owners can choose "Taxes Only" Officer payroll, meaning they do not take a net paycheck but rather choose to pay themselves using option #2 , below.
See Also How do owner Draws/Distributions work?
See Also How to use Gusto Payroll
See Also How does Singletrack manage "Taxes Only" Officer Payroll?
See Also How do payroll taxes work?
See Also What are the payroll debits I see coming out of my bank account?
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