If you own a small S corporation and take both a salary and distributions, this handbook is the missing owner's manual. It explains, in plain language, how payroll and "reasonable compensation" actually work: why you are an employee of your own company, how the salary-vs-distributions split works, what the reasonableness standard means (and what it doesn't), how to document your compensation decision so it defends itself, and how to set up and run payroll month to month and year-end without drama.
WHAT'S INSIDE (136 pages, 36,564 words — verified)
EDUCATIONAL INFORMATION ONLY — NOT TAX, LEGAL, OR FINANCIAL ADVICE. Written for US S-corporation owners. No tax rates, thresholds, "safe" percentages, or formulas are presented as rules — heuristics are explicitly framed as informal rules of thumb with no official standing. Work with a qualified CPA, enrolled agent, or tax attorney for your own situation.
HOW THIS DIFFERS FROM OUR OTHER BOOKS: Product 83 (30-Minute Monthly Bookkeeping for Single-Member LLCs) covers bookkeeping and Schedule C for disregarded entities — this book is specifically about S-corporation payroll and owner compensation. Product 46 (TaxSeason Flow) is a tax-season client workflow kit — this is the owner's own payroll education. Product 93 covers business continuity and estate planning — this covers getting paid correctly.
FORMAT: Two PDFs — the 136-page handbook and the 9-page fillable workbook. Fillable fields work in Adobe Acrobat Reader and most modern PDF readers.
No — educational information only. Work with a qualified CPA, enrolled agent, or tax attorney for your own situation.
No — no tax rates, thresholds, "safe" percentages, or formulas are presented as rules. Heuristics are explicitly framed as informal rules of thumb with no official standing. The book teaches you how the reasonableness standard works and how to document your decision.
Owners of US S corporations who take both a salary and distributions.
A 9-page fillable PDF (128 fields): memo worksheet, evidence checklist, payroll rhythm tracker, distribution decision record, error & correction log, and advisor handoff.
Product 83 (30-Minute Monthly Bookkeeping for Single-Member LLCs) covers bookkeeping and Schedule C for disregarded entities. This book is specifically about S-corporation payroll and owner compensation. Product 46 (TaxSeason Flow) is a tax-season client workflow kit — this is the owner's own payroll education.
Yes — fillable fields work in Adobe Acrobat Reader and most modern PDF readers.
The missing owner's manual for small S corporation owners who take both a salary and distributions: why you are an employee of your own company, how the salary-vs-distributions split works, what the reasonableness standard means (and what it doesn't), and a 9-page fillable workbook ready to hand to your CPA.
The complete eBook (187 pages) plus a fillable Monthly Close Workbook: the 3-account setup, the 30-minute monthly close, a chart of accounts mapped to how the return groups things, the quarterly estimated-tax rhythm, 1099 workflows, and a year-end handoff your preparer will love.
The 90-day plan for sole proprietors, LLC owners, and small S-corps: a 137-page guide to the map of what breaks — and the step-by-step system to fix it before it matters. One Continuity Move at a time, with a fillable 7-page workbook.
A 136-page book and 7-page fillable workbook teaching the record-keeping system you were never taught: a chart of accounts that mirrors tax reporting, a monthly collect / record / reconcile rhythm of about half an hour, and a year-end close that hands your tax preparer a clean package instead of a shoebox.
81 RN interview questions with model answers, a STAR story builder, 15 questions to ask the panel, a salary negotiation script, and a resume checklist — everything a new-grad nurse needs to walk in rehearsed.
