Hi,
I have a big question. I have started small business taxed as s-corp. For 2023, I have taxable income from business. I wanted to set aside part of the taxable income for 2024 to continue operating the business before it generates the revenue to pay for wages and expenses. Is it possible, I mean allowed to set aside $X from the taxable income of $Total and pay taxes only for the remaining ($Total - $X)?
