turbotax icon
turbotax icon
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Yes No
Anonymous
Not applicable

Setting Payroll and bonuses

How do I decide how much to pay myself and how much goes to taxes? Can I do that annually?
posted
‎May 14, 2019 3:14 PM
last updated ‎May 14, 2019 3:14 PM
0
1
658
Reply
Bookmark Icon
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Hi Palms
Level 6

Setting Payroll and bonuses

Self employed people do not pay themselves a salary or wage. Sole proprietors and partners are self employed. Shareholders of S-corporations have to pay themselves a reasonable salary for their services.

‎May 14, 2019 7:03 PM
648
Reply
Bookmark Icon

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Featured forums
Taxes
Lower Debt
Investing
Self-Employed
All topics

Unlock tailored help options in your account.

Live Assisted: Get answers to all your tax questions! Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Live Assisted. Explore your options!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

InvisibleCrow
Anonymous