Friday, May 30, 2008

Scrimping on your salary? Beware an audit

Dear FSB: My wife and I are owners of a small, incorporated business. We are the sole officers of the corporation. Will we come out ahead financially by removing ourselves from the corporate payroll (i.e., avoiding the corporate payroll taxes) and paying ourselves strictly by way of dividends?



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[Source: Financial news of the day - CNNMoney.com]

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