The Salary Method - Deepstash

The Salary Method

Paying yourself through the salary method is essentially the same as getting paid in the workforce. You’ll be paid on a regular schedule and it will be a fixed amount or based on the hours worked.

If your business is registered as a C corporation or an S corporation, you are legally required to receive a regular salary. This means it will include withholdings for Medicare, Social Security, and federal and state income taxes.

Business entities that can use the salary method:

  • C corporation
  • S corporation
  • LLC (if treated as a corporation for tax purposes)

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