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Determining Salary Here's something to consider before you decide how much to pay yourself.

entrepreneur daily

Be careful about paying yourself a very high salary andattempting to deduct it as a payroll expense. The IRS tends to viewsuch salaries as dividends, which could mean you can't deductyour compensation as a business expense. Plus, you'd have topay corporate taxes on the dividend.

Excerpted from Grow Your Business

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