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I am the sole owner of an S-Corp and pay myself via W-2 as well as take reasonable shareholder disbursements during the year.
Does Reimbursed Employee Expenses get added into average earnings? They are reported on the corporate tax return as such via an Accountability Plan I have for myself since I work from my dedicated home office. Over the past 2 years, they have accounted for an average of $4500 per year ($400 per month). This is non taxable income, so perhaps it would not be factored in at all for the mortgage / income amount?
Reimbursed Employee Expenses are items the employee paid which the company reimbursed them for.
For example if an employee makes $50k, paid $4k for employment related expenses and was reimbursed that $4k by their employer, their income is still $50k... not $50k + $4k.
From a corporate tax return viewpoint, reimbursed employee expenses are treated as an expense, reducing the taxable income the corporation makes.
So if you are the only employee of your company, reimbursed employee expenses would reduce the amount of K-1 income you pay yourself but wouldn't impact the W-2 income you pay yourself.