Quote:
Originally Posted by JP513
FWWIW, I don't use an LCC. I use an S-corp and though the taxes pass through, I am an employee and the company has the obligation to pay my personal taxes just as any company would. The advantage of an S-corp is you/the company only has to pay SS/Medicare tax on the portion my company pays me as salary, NOT the full amount the company earns.  |
Exactly, my accountant set mine up as "an LLC setup as an S corp" to take advantage of tax breaks.
But yeah I would call and see exactly what you should do, taxes arent a guessing matter.
Good Luck.
