How I got wealthy without working too hard

Re:How I got wealthy without working too hard by mNovak on Thursday November 18, 2021 @03:36PM (#29270174)

You're required to pay a "reasonable salary". So if you pay yourself minimum wage, but collect $100+k in profit, you may get funny looks from the IRS.

Rule of thumb I've heard is 50% wages 50% profit, up until $100k wages, beyond which you can really start milking the profit.

[ Parent | on HN ]

Re:How I got wealthy without working too hard by moonchrome on Thursday November 18, 2021 @06:24PM (#29271931)

Yeah here we have a minimum director salary (which is basically median wage instead of minimum), after that everything is pulled out through profit.

[ Parent | on HN ]