Your argument regarding the owner salary being based on industry standards will be stronger if the company makes enough money so that the owner salary will allow that. So, if the typical salary for a CFO in your industry is $100,000 and your net income is $125,000, then you'd be OK paying a salary of $100,000. But if your income is $60,000 and you pay 80% of that as salary, that is not as strong an argument, since you never got to the level of the standard salary.
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