How to Reduce Payroll Tax: Advanced Strategies for Business Owners
You can reduce payroll tax by reclassifying your business as an S-Corp to lower FICA exposure, implementing an Accountable Plan for reimbursements, utilizing Section 125 “Cafeteria” plans for pre-tax benefits, and claiming available tax credits like the R&D credit. These methods legally lower the taxable wage base. The S-Corp Strategy: Reducing FICA Tax via Distributions […]
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