Opher Ganel
Oct 11, 2022

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In case you haven't already done so, ask your accountant about setting up a defensible salary level that's significantly lower than your business profits. That will let you (a) use the qualified business income deduction, and (b) pay payroll taxes on just the salary portion. Between those two, your effective tax rate should go down very significantly.

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Opher Ganel
Opher Ganel

Written by Opher Ganel

Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.

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