I have a partnership LLC in the state of Florida. We operate a photography company that works as a vendor out of hotel resorts.
It is my understanding that there is no way that the "partners of the company" are allowed to pay themselves in any manner that is tax deductible from the business stand point. Is there any loop holes in the current tax code that would allow us to benefit in any way that is still tax deductible?
It is my understanding that there is no way that the "partners of the company" are allowed to pay themselves in any manner that is tax deductible from the business stand point. Is there any loop holes in the current tax code that would allow us to benefit in any way that is still tax deductible?