Hi- We are a small consulting firm with about 12 employees. We have been around 20 years and for the first time have a profit, which will be about 350K. Next year will probably be about the same or more. Since we have never had more than 20K in profit, I want to know what the best thing to do is. We are an s-corp with a single owner. Should the owner take all of the money or should he leave some in a savings account for next year (even though it'll be taxed pretty high)? We may over a million in revenue (starting this year).

Thanks for your insights!