Unlock the "S Corp Secrets: Save Thousands in Taxes This Year!" and revolutionize your tax strategy! 🌟 Facing the maze of tax laws can be A LOT, but what if I told you there's a way to navigate through it, saving thousands while adhering to IRS standards? Welcome to the episode where we dive deep into the world of S Corporations and how they can be your golden ticket to tax savings in 2024. 🔗 TAX FREE LIVING CHALLENGE LINK : https://bit.ly/taxfreelivingyt What's up family and millionaires in the making! 💰 Ready to embark on a journey towards tax-free living, enhance your financial literacy, and start building wealth like never before? You're in the right place! Today, we're unraveling the mysteries of properly paying yourself from an S Corp—a strategy that could potentially save you a fortune in taxes. 👉 Don't forget to LIKE, SUBSCRIBE, and HIT that notification bell to stay ahead in the game of wealth-building. We're here to guide you through the complexities of tax planning, offering you the keys to a financially liberated future. This video is packed with insights on leveraging your LLC or C Corp, turning it into an S Corp, and understanding the critical importance of running payroll for yourself as the owner. From choosing the right payroll software like Gusto, ADP, or QuickBooks Payroll to determining a 'reasonable salary' that complies with IRS guidelines, we cover it all! Let's get it! 0:00 - S Corporation Salary Guide 0:30 - Introduction to S Corp Salaries 1:09 - Understanding S Corporations 4:04 - S Corp Payroll Requirements 5:18 - Determining Your S Corp Salary 7:51 - S Corp Salary Payment Frequency 9:16 - Setting Up Your S Corporation