How an Accountable Plan Can Save Your S Corporation Big on Taxes

When it comes to running an S Corporation, one of the best ways to save on taxes is by utilizing an accountable plan. An accountable plan allows you to reimburse yourself for business-related expenses without them being subject to income taxes. But many small business owners don’t fully understand what an accountable plan is or how it works.

In this blog, we'll break down everything you need to know about setting up an accountable plan for your S Corp, including what expenses qualify for reimbursement and how it can help save you money. Plus, we’ll share a sample accountable plan to make it easier for you to get started. Whether you’re a solo entrepreneur or have employees, this plan can help reduce your tax burden while keeping your business compliant. Keep reading to learn more!