Is there any real difference between an owners dividend or an owners distribution in an S-Corp?
S corps do not pay dividends, they make distributions. Dividends are paid out after-tax and, since S corps are not taxed at the corporate level, they do not pay dividends.
Is there any real difference between an owners dividend or an owners distribution in an S-Corp?
S corps do not pay dividends, they make distributions. Dividends are paid out after-tax and, since S corps are not taxed at the corporate level, they do not pay dividends.
Create an equity account called "<Shareholder Name> Distributions - 2022". IMO, it's nice to have a separate account for each shareholder for each tax year.
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