Why You Should Pay Yourself Like an Employee | S-Corp Tax Strategy for Business Owners

Описание: Ignoring this could be costing you thousands every year. If you run a business and haven’t considered the S-Corp structure, you might be paying more in self-employment taxes than necessary.

I’m Grady Cool, founder of Cool Wealth Management, and I help business owners make smart financial decisions that reduce taxes and grow wealth. In this video, I explain why paying yourself a reasonable salary as an S-Corp owner, and taking the rest as distributions, can save you significant money compared to an LLC without an S-Corp election.

You’ll learn:

How the S-Corp structure reduces self-employment taxes
Why paying yourself like an employee is smarter than taking all profits as an owner
The difference between LLC and S-Corp taxation
How choosing the right business structure impacts your bottom line

Choosing the wrong business structure isn’t just inconvenient — it’s expensive. Understanding these tax strategies can help you keep more money working for your business and personal wealth goals.

Visit coolwealthmanagement.com to see how we help business owners choose the right business structure, reduce taxes, and grow wealth strategically.

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Remember: paying yourself strategically isn’t just smart — it’s money in your pocket.