Thinker101
Diamond Member
- Mar 25, 2017
- 24,722
- 14,926
Already did. He like the link I provided told me it reduces your taxable income.Nope. My accountant does it and I write off my employees wages.So you are seriously claiming that if a business owner has to pay say 400k in wages for his employees and gets to write it off thats not compensation? Have you been drug tested recently?And neither compensates a business owner for increased labor costs. Not even sure why you brought it up. It's irrelevant.
Yeah, it doesn't work that way. Do you do your own taxes?
Great, then you should consult with your accountant.
He gave you good info, although a write off would have reduced it further.