<p>Can’t you pay estimated taxes in 2009 so that your S-Corp net earnings are lowered, rather than paying that huge tax bill in 2010? And likewise, can’t your corporation pay your health insurance premiums? I pay for health insurance from my corporation for the 2 employees. I also contribute to the HSA plan, although this is taxable to the employees.</p>
<p>Corporations can also set up SEP-IRAs and fund employee accounts up to 25% of their salary. The contributions reduce net earnings. This of course is assuming there are net earnings to invest.</p>