Hi guys-
I just found your podcast last week and I’ve been listening to every episode I can in my (rare) spare time. My husband & I have owned an S corp land surveying business since 2001 & I’m so sad I didn’t know these tax strategies earlier. I think we could’ve saved so much in taxes.
my question is this: My husband and I both take a large paycheck from the business along with our 4 other employees. We never take a draw. We’re 50/50 owners. Would it be better (or even legal) to pay him a larger salary and not pay myself? Maybe pay our kids (we have 3 kids under 18 & over 10 yrs old) with some of the money instead?