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Question

Would a CPA/Financial Advisor help us determine a reasonable salary?

  • February 26, 2025
  • 1 reply
  • 6 views

Monica R
HoneyBook Community Team
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Question from @Philip from Your guide: Sole prop, LLC, or S-Corp webinar with ​@Geily Romero 

Would a CPA financial advisor assist in determining our reasonable salary? We are have fluctuating business, even though business is profitable for the year, but we don’t want to take too much and then not have money there when payroll comes around.

 

1 reply

Geily Romero
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  • Newcomer
  • February 27, 2025

Hi Philip!

Yes, a CPA/accountant/financial advisor can help you with determining a reasonable salary. They can take a look at your income and expenses over time and suggest what could be doable for your business while still staying in compliance.