Businesses taxed as an s-corp, here's a few things you're probably not doing that you need to be doing to save on taxes & audit proof yourself:

Setting up an accountable plan for the business use of your home. This is simple to adopt & grossly overlooked as a tax savings strategy. With so many business owners taking their work home, if you have a dedicated home office space, you need to setup an accountable plan and reimburse yourself from your business. It's a legit tax deduction for the business and it's tax FREE income to you personally.

Annual meetings: Most states require that corporations hold regular shareholder meetings and keep minutes of these meetings. While S corporation meeting minutes are not required to be filed with the state, you should keep copies on hand with your corporate records. Failing to do so may compromise your limited liability protection.

If this is news to you, get with your accountant/CPA ASAP or us if you need a trusted advisor.