I took out a loan to fund my S-Corp payroll during a slow season, is it legal to pay myself a reasonable salary using borrowed money?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

For an S-Corp, the source of payroll funding is often less important than whether the compensation is treated consistently and documented properly. Borrowed money may be part of the cash flow picture during a slow season, but the reasonable salary issue usually turns on the owner’s role, the service For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.