Company "X"(S-Corp) grosses ~600k in revenue per year.
~90% of revenue is paid out in wages to the two co-owners.
Owners are currently taxed at ~33%
Company "X" currently leases space for ~24k year ...
Up until this point, the only financial guidance I've had has been from my CPA in the terms of setting up a SEP to help put aside as much tax deferred income as possible since starting my own business ...
When my business partner and I started our company five years ago, we set up SEP as part of our retirement plan. We have always contributed the max amount allowed in a SEP ~50k each year, which just ...
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