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 How can i get incorporated?
i wanna start a courier business. i have the experience in this field. i live in california....


 Do corporations own there own helicopters?
...


 Let the auto makers go under.?
Why not spend the 25b on supporting the auto workers and the families and let the big three go down. what would be the end results of that?...


 I tried to get a job at Walmart...and here is what happened?
it was for a 3rd shift stocking position and i was GREAT during the interview i went in confident (not to confident) and even looked at the "check list" that they do and they were all ...


 How to overcome this situation?
CEO of the company shouts and scolds us without any reason or mistakes from our side. He gives the contracts and stuffs and he shouts the ppl who are supervising the execution telling about the type ...


 What is the most recognized symbol in the world?
...


 How much does success in sales depend on passion?
being not stupid, can you actually be passionate about a career in sales ?...


 Is walgreens a good place to work?
i just got called 2 go 2 an interview any tips also is it a good place 2 work any info ...


 Amazon.com?
I the website amazon real because I never ordered anything from them or ebay and I don't want to get scammed cause I know someone who this happened to ....


 Does a document become legal when the person or persons signs it?
I need to know this for somthin ...


 How to answer simple yet deep questions from top management?
ceo always ask "So, what's new today?" whenever we meet, expecting a clever answer. What would be best answer to capture attention instead of "nothing much, how's your day?&...


 Why does the Home Depot, Do-it-Center and other hardware stores play country music in their stores?
...


 If all of Bill Gates' money is in stocks then how does he afford expensive things?
...


 I was offered a donation, but i have to pay for the overnight fedex costs? is this a scam?
...


 What is everyone's opinion on Microsoft's Bid to take over Yahoo?
Personally I think Bill Gates is just being greedy but I would like to know what everyone else thought....


 What occupations start with the letter u?
...


 ASDA return policy?
I have a baby who is 3 months now and recently recieved a present from someone i know and the size clothes she bought for my daughter is from 0 - 3 months, so its a small size for my baby, the lady ...


 Does anybody knows somethig about PRIMERICA?...is it a good company to work for?
primerica a member of ...


 Am i the richest man.?
i have a value of 70 billion pounds is there anyone richer than me....


 Which company you rate the best?
employee satisfaction 1st preference
TCS
infosys
wipro
cts
...



lawrence w
Must S corp profits FIRST be used to pay owner/employee salary?
Thought maybe you could 1st use to pay some of the business expenses.
                     
 




ZinaRae
Rating
We have a cash flow problem. A lot of small business do when they first start; some have them forever due to poor financial management. If you're making money; I mean "net", then you need to budget for your expenses. Payroll is deductible, and employee's not being paid can lead to some very harsh consequences. If you need more operating capital, then maybe it's time you looked for a credit line to get you through until you can collect on your Accounts Receivables (AR). If you're running a neg. cash flow, then you either have too many employees, or are paying someone too much. Get a budget and stick to it or you may not have a business for very much longer. Most businesses fail not from lack of a good product/service, but from financial mismanagement. Good luck.


bull_rooster_aardvark
Profits are whatever is left over after you pay all expenses. You can use the money you get to pay salaries first, expenses first, whatever; but after you are all done the profits are what is left.

Note if you pay salaries first and not enough is left for bills you may start getting collections calls. Of course if you pay bills and can't pay decent salaries your employees may move on (or if you are the owner you may be paying your company bills but can't afford your own rent).

As far as the IRS is concerned, the profit is what gets taxed (there are all sorts of exceptions and odd rules - but thats the main point). If you lose money you probably won't have to pay tax - but lose money consistently and you'll also be going out of business.


Feeling Mutual
Rating
If you do not pay the owner's/employee's salary and benefits FIRST, the IRS will take appropiate payroll taxes out of any dividends paid out to the shareholders.

Money paid for business expenses ARE NOT PROFITS!


dwalkercpa
no


butter1944fly
Payroll is a bill. Not paying employees is called slavery. The government puts paying employees above taxes.

I once owned an S Corporation. Often, I cut my paycheck but did not cash it because I needed the cash for other bills. Uncle Sam gets very upset if you do not submit payroll taxes and social security in a very timely manner. You DO NOT every want the government to audit your payroll.


Wade H
No, they must first pay the child support.


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