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Reasonable Officer Compensation for S Corp Painting Businesses

July 07, 20230 min read

June 30, 2023

Season 1, Episode 7

Description:

In the thought-provoking episode titled "Reasonable Officer Compensation for S Corp Painting Businesses", hosts Daniel and Richard navigate through the complex yet crucial aspect of determining a justifiable officer salary in an S Corporation (S Corp) running a painting business. The focus of the conversation is on balancing the officer's salary while not excessively drawing on owner distributions from the S Corp. 

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Daniel Honan

Daniel Honan is a former painting business owner and military intelligence officer with an MBA and a degree in Accounting. He's been in your shoes. Everything from cold calling for estimates, in-home consults, managing crews, to running payroll. With his accounting, intel, and painting industry experience, he's put together a back-office system to help painting contractors crush it by helping them know their numbers and what they mean, save big in taxes, and streamline and automate their processes to save time and money.

Back to Blog
blog image

Reasonable Officer Compensation for S Corp Painting Businesses

July 07, 20230 min read

June 30, 2023

Season 1, Episode 7

Description:

In the thought-provoking episode titled "Reasonable Officer Compensation for S Corp Painting Businesses", hosts Daniel and Richard navigate through the complex yet crucial aspect of determining a justifiable officer salary in an S Corporation (S Corp) running a painting business. The focus of the conversation is on balancing the officer's salary while not excessively drawing on owner distributions from the S Corp. 

Subscribe to the Profitable Painter Podcast

blog author image

Daniel Honan

Daniel Honan is a former painting business owner and military intelligence officer with an MBA and a degree in Accounting. He's been in your shoes. Everything from cold calling for estimates, in-home consults, managing crews, to running payroll. With his accounting, intel, and painting industry experience, he's put together a back-office system to help painting contractors crush it by helping them know their numbers and what they mean, save big in taxes, and streamline and automate their processes to save time and money.

Back to Blog

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