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visits member for 10 months
seen Aug 8 '12 at 1:32
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Aug
8
awarded  Supporter
Aug
8
comment Switching Incorporation Business Name to Independent Contractor
Thank you for your answer!
Aug
8
accepted Switching Incorporation Business Name to Independent Contractor
Aug
7
asked Switching Incorporation Business Name to Independent Contractor
Aug
7
comment Sending Subcontractor 1099
Thank you for the answer. I forgot to add that I am understanding that the (main) contractor must also file the 1099 to the subcontractor as well as the IRS only if they make more than $600.00. Thank you for your time and detailed answer!
Aug
7
accepted Sending Subcontractor 1099
Aug
7
asked Sending Subcontractor 1099
Jul
16
comment Paying S-Corp Owner Directly from Main Bank Account
Okay, thanks. I just have one more question. This is a new business as of the beginning of the year. Starting from the beginning of the year, I have not paid myself as a W2 employee, I just took money from the business account to pay myself as a contractor (didn't withhold anything). I have also not done estimated taxes yet. If I just start paying myself as a W2 and pay estimated taxes as soon as I can, will that be okay with the IRS?
Jul
16
comment Paying S-Corp Owner Directly from Main Bank Account
Okay, thank you for that. Will Quickbooks suffice for the payroll service?
Jul
16
comment Paying S-Corp Owner Directly from Main Bank Account
Okay, great. I will be a W2 employee and use a check to pay myself each month. To handle this payroll on both ends, I'm going to try quickbooks until I get the hang of what the forms and calculations are. Is this a good plan? Thank you for you help. Also, your blog site is very nice.
Jul
16
awarded  Student
Jul
16
awarded  Scholar
Jul
16
accepted Paying S-Corp Owner Directly from Main Bank Account
Jul
16
comment Paying S-Corp Owner Directly from Main Bank Account
Thank you for your answer. I'm a bit confused though; how can I "pay" myself then? As a regular W-2 employee?
Jul
15
asked Paying S-Corp Owner Directly from Main Bank Account