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So you're an S-Corp, but... you have no idea how to setup payroll to pay yourself as an S-Corp? IF that's you, watch this video.. Subscribe: / @mycpacoach We advise a lot of our tax planning clients to set up S-Corporations for one simple reason: to avoid the 15.3% self-employment tax. If you earn ordinary income from your business, and you are not an S-Corp or C Corp, then you may be subject to thousands of dollars in self-employment taxes that could have been reinvested back into your business. But unfortunately, a lot of S Corp owners fail to pay themselves a reasonable salary - partly because they do not understand how to do this. So in this video, I walk through how to setup payroll and pay yourself correctly. Payroll Discounts: If you still need a payroll provider, use the links below for a big discount: ADP (Get 20% Off): http://bit.ly/adpmycpacoach Gusto (Get a $100 Gift Card): bit.ly/gustomycpa QuickBooks Payroll (Get 20% Off): https://bit.ly/intuitmycpa Timestamps: Purpose of S Corps (0:00) Step 1: Choose Payroll Provider (2:15) Step 2: Setup State Accounts (3:49) Step 3: Add Account Numbers to Payroll Settings (5:30) Step 4: Add Yourself as an Employee (6:55) Step 5: Determine a Reasonable Compensation (7:44) Step 6: How to Paying Yourself as an S Corp (10:09) Step 7: Make sure automated taxes and forms are on (10:57) Become a Tax Client: https://mycpacoach.com/tax-planning-s...