Many small business owners ask, “Should I put myself on the payroll?” The answer isn’t simple.

Whether you are looking to maximize your qualified business income (QBI) deduction or take advantage of employee fringe benefits, incorrectly paying yourself wages can cause serious issues.

In this article, we walk through the different ways the tax code allows you to pay yourself from your business, depending on your entity structure.

Background

Some of the confusion around how to properly pay yourself from your own business stems from our two-track system of ... Log in to view full article.