Question
salary for LLC owner?
Is it possible for an owner operated LLC(S-corp election) to draw salary as needed instead of regular monthly salary? Is it IRS acceptable? How do you pay estimated/payroll/un-employment taxes in this case? thanks jim
3 months ago - 1 answers
Best Answer
Chosen by Asker
You will have to pay yourself. The Small Business Administration has a great tool and resources for starting a small business and building a business plan. Paycycle has an easy payroll system that charges a minimal fee. The program will compute the taxes and even alert you when time to pay necessary taxes to each entity.
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by tracy
3 months ago
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