How do I pay myself?

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, 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.

2- Owner Draws/Distributions - you may transfer your business funds to your personal account anytime you want, in any amount you want. This is a non-taxable event i.e ZERO impact on taxes.

Its your money to use as you desire!

 

 

3- Reimbursements using an Accountable Plan - your s-corp can reimburse you for many personal expenses. Typical reimbursements are related to Home Offices and biz use of personal Autos including such expense as repairs & maintenance, insurance, HOA dues, property taxes, loan interest, utilities, cleaning, lawncare, cell phones, car registrations, fuel, lease / rental payments, and all any other business expenses paid for using personal funds.

Reimbursements to you are tax free, and are expenses (tax deductions) to your S-Corp!

See Also How do owner Draws/Distributions work?
See Also How to use Gusto Payroll
See Also How do payroll taxes work?
See Also What are the payroll debits I see coming out of my bank account?