Subscribe to Entrepreneur for $5

The Payoff

Can giving more to yourself or your employees mean giving less to Uncle Sam?

This story appears in the August 1999 issue of Entrepreneur. Subscribe »

When is good and sales are pouring in, couldn't be better--except when it comes to . Because now, of course, you're shelling out more to the and keeping a smaller slice of that hard-earned cash for yourself. The good news is there are ways to reward yourself and your that can actually save you in taxes. And it's not just during a boom that it's helpful to look at your compensation arrangements to make sure your strategy makes the most sense taxwise. When it comes to tax dollars, any time is the for a checkup.

Joan Szabo is a writer in Great Falls, Virginia, who has reported on tax issues for more than 13 years.

Continue reading this article - and everything on Entrepreneur!

We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.

Entrepreneur Editors' Picks