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Determine optimal Officer Salary vs Dividend Distribution for Single Member C Corp to reduce taxes

min $50 USD / hour

Closed
Posted about 4 years ago

min $50 USD / hour

I am the owner of a C-Corp. There is currently one employee, and I will be adding myself as the second employee. My understanding that the two ways I can access money from the C-Corp are a) by paying myself a dividend and b) by paying myself a salary. I'd like you to determine the optimal balance (that I should pay myself X as salary and withdraw Y as dividends) so that the total tax I am paying is minimized. You must incorporate things such as payroll tax, state+local taxes, retirement contributions, my wive's W2 compensation (we are married filing jointly)...amongst any other factors that I'm sure I am missing. I will provide all the details once I have accepted your proposal to work on the project. Your deliverable should show what is the least possible tax that can be paid (and how to achieve that over the coming years), as well as an excel sheet showing your calculations and allowing me to change all inputs as needed.
Project ID: 25028943

About the project

8 proposals
Remote project
Active 4 yrs ago

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8 freelancers are bidding on average $51 USD/hour for this job
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Greetings! I am qualified accountant with ten years of experience in accounting and IRS filings for LLC and Corporations. I will consult on your SMLLC taxes. Please message me to discuss. Thank you.
$53 USD in 5 days
5.0 (63 reviews)
7.0
7.0
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Hello, Please review my profile as i have relevant skills and experience required for this project. Kindly send me a message to discuss. Thank you, Asad
$50 USD in 40 days
5.0 (11 reviews)
5.6
5.6
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Dear Valued Employer, I can add value to your project, by suggesting new ideas. I am fast and reliable. For further understanding why I am the right firm for your project, kindly check my profile, reviews, rating and portfolio. With over 10 years of cross-functional experience, and helping clients world wide with diversify team, I provide genuine and innovative solutions as per your circumstances and requirements. I am MBA-Finance, M.A-Economics, and Qualified Chartered Accountant. If you feel to discuss more before you award me the project, you can send me the message. Kind regards, Rakesh
$50 USD in 40 days
5.0 (1 review)
4.1
4.1
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Greetings! I am a Qualified Public Accountant and Expert Tax Advisor with experience of over 10 years in S Corp, C Corp taxation. I have helped multiple businesses to plan their taxes in the right way. I have read and understood your requirements. I can help you create a robust scenario to balance dividends and salary to optimize SMLLC taxes. Please PM me to discuss this in detail. You can expect professional and quality service. Thanks Akshay
$50 USD in 40 days
5.0 (3 reviews)
3.3
3.3
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Dear Sir/Madam, I trust you are well, I am a chartered accountant and a professional tax consultant. I can show you with excel calculation for both options. feel free to discuss with me. Many thanks, Kajee
$50 USD in 3 days
5.0 (5 reviews)
2.9
2.9
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Dear Hiring Manager, I am expert in tax, i can provide the best which way you will earned more money, by salary or by dividends. I am PhD Scholar in Finance and Accounting plus Certified Chartered Accountant having years of experience and knowledge in Business, Management, Accounts, Finance, Audit and Taxation of different industries. I am also a great writer with excellence years of experience in writing industry. I give value to time and quality of work. I have read your project details with care and I'm confident i can do this project for you perfectly. I still have a few questions. Please leave a message on my chat so we can discuss the budget and deadline of the project. Thanks
$50 USD in 40 days
0.0 (0 reviews)
0.0
0.0
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I am an Indian Chartered Accountants can do any type of Accouning and taxation work Relevant Skills and Experience 5 years Experienced Chartered Accountants
$56 USD in 10 days
0.0 (0 reviews)
0.0
0.0

About the client

Flag of UNITED STATES
Thornwood, United States
3.3
11
Payment method verified
Member since Jan 19, 2011

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