Search results

@heartbrokenangel Try Gusto for payroll. You have to apply for an employer registration (separate from an EIN, specific to payroll). Payroll set up requires the initial registration, making sure you are properly setting up withholdings for FICA and state-level payroll taxes, setting yourself up...

@oregonnowandthen File the 2022 return soon as possible and prepare a letter to request first-time penalty abatement. You may have to amend your 2022 personal tax return to include the $0 activity K-1 -- but since it won't have any tax effect, you may be able to pass. If you do and get a...

@sagaguy879 LLC and Corporation are both legal entities. S Corp is a tax status that's layered onto a legal entity LLC = usually for small, closely held businesses Corporation = allows for unlimited classes of stock, int'l investors, sets the legal foundation for an IPO Both give you liability...