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When you set up an S Corp, you also need to set up payroll in order to pay yourself. This video will show you exactly how to set up payroll for your S Corp in the cheapest and easiest way possible!
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S Corps are required to pay out their owners in two different ways: a "reasonable salary" and owner's distributions. The "reasonable salary" must be paid out via a payroll provider like Gusto.
This payroll provider will take care of all of the legal reporting and tax filing. As a result, you simply press the "run payroll" button and the software takes care of the rest.
There are a number of different payroll providers you can choose from, but from my research, I determined that the best option is Gusto Payroll. They are the cheapest, easiest to use, and they give you a free $100 gift card when you sign up using the link above.
TIMESTAMPS
0:00 - Intro
0:18 - What is payroll?
0:49 - Why do you need payroll as an S Corp?
1:22 - How to set up Payroll
3:05 - Setting up Gusto
5:57 - Outro
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How To Set Up S Corp Payroll 2024 (Step-By-Step Guide)
Теги
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