Why S Corp Owners Need To Be On Payroll
Taken from the following article: http://www.cirruspayroll.com/why-s-corp-owners-need-payroll/ If you’re a business owner, it’s common to think you can pay yourself whatever you want, whenever you want (as long as the money’s there). It’s your business after all, right? Well, as with most questions that involve the IRS: it’s not that simple. If your business has elected S Corporation status with the IRS, and you perform services for your business, the IRS actually requires y