Myself and my partner (co-Owner) are an S-Corp. We started an insurance agency from Scratch. Is there a way for us to pay ourselves and withhold taxes so we don't have to owe taxes personally at the end of the year? Also is there a way to do Commission only (we are a starting from nothing and cannot necessarily pay a salary nor pay hourly.. Some months the business could bring in $3,000 and other times $2,600 or more.)? If So, do we list ourselves under employees and do we fill out a W4. Or is it recommended we place ourselves as 1099 employees?.... Just trying to understand and would love to not personally owe taxes at the end of the year...