S Corp Payroll Requirements: The Complete Compliance Guide
You formed an S corporation, opened a business bank account, and now you're wondering whether an owner draw counts as your paycheck. It doesn't. If you actively work in the company, you're wearing two hats, shareholder and employee, and the employee hat comes with payroll obligations. The costly mistake isn't usually choosing the wrong payroll […]
Understanding the S Corp Tax Rate A Guide for Business Owners
Let's get one of the biggest myths out of the way first: there is no single, fixed S corp tax rate at the federal level. It just doesn't exist. Instead of the business paying its own taxes, an S corp's profits and losses "pass through" directly to you, the owner. What you ultimately pay is […]