I run a business which is very unpredictable. A few months it may do no income and in 1-2 month it may make a 6 figure income.
I like the FICA savings advantage of s-corps. But I don't want to pay myself a salary if no income is coming in.
If my s-corp made 100k, is it possible to wait will December and in December I pay myself a 50k salary? and then turn off payroll again till December of next year?
I like the FICA savings advantage of s-corps. But I don't want to pay myself a salary if no income is coming in.
If my s-corp made 100k, is it possible to wait will December and in December I pay myself a 50k salary? and then turn off payroll again till December of next year?