How to get hold of extra money if my company is LLC but elected to be taxed as S corp

I live in miami and am about to form an LLC. I have also decided that I would elect to have my LLC to be taxed as S corp. I will be the only employee for next 6 to 9 months.

Since it is a S corp I need to pay myself a salary. I have decided to pay myself a salary of $90K per annum which is reasonable for a software engineer in Miami.

Now let's assume that in a year the company's revenue is $160K. Expenses was like $20K on various things. Salary expense was $90k. So the total profit of the company is 160 - 20 -90 = 50K.

Now from this 50 reduce the social security + medicare . To keep it simple I am keeping that as 6k.

Net money still in bank = 50 - 6 = 44k

On this 44k I do not need to pay self employment tax ( social security + medicare). This is the main reason why I am in favor of electing to be taxed as S corp.

Here is my question:

When do I get hold of this $44K. Every month I am getting my salary. Do I need to wait for the year to end to get hold of this $44k.

If I want say 3k per month from this 44k then how do I do that. This is not my salary. It would be like earning bonus before the year has ended.

I am planning to use http://www.surepayroll.com/ for payroll processing.

Any thoughts.

Update: After posting this question I came to know that what I'm calling 'bonus' is technically called 'distributions'.

You are correct that this "bonus" is a distribution or draw. I would not push this through your payroll processor since you don't want to treat it as W2 income. Write a check to yourself each month (or as often as you want) as a draw or distribution. That is an equity account not an expense account so it will not lower the net income of the business. Since you're electing for s-corp treatment the net income of the business will pass through to your income tax at your personal rate but as you noted you will not pay self employment tax on that income just income tax.

Since you're paying yourself a fair market wage as W2 income you shouldn't run into IRS problems with this. They do, however, keep an eye out for s-corp stockholders that have large draws and low W2 or 1099+self employment tax income. IOW you can't (shouldn't) use your s-corp to avoid social security + medicare taxes without a higher risk of an audit.