u/slodow

I am looking at a year where I potentially make considerably less (50%) than prior years and a potential move back to FTE.

I had elected a reasonable salary/dist ratio that was about 55/45 in all prior years.

In a year like this, am I allowed to adjust the elected salary and distributions percentages to match the realized revenue my s-corp generated?

E.g. If we brought in 100k instead of 180k, would it be allowable to claim an adjusted salary on that year as 55k and distributions at 45k? If so, could I still fund the employee/employer 401k match accordingly?