View Single Post
Old 03-24-2010, 12:02 PM  
96ukssob
So Fucking Banananananas
 
96ukssob's Avatar
 
Industry Role:
Join Date: Mar 2003
Location: If I was in your ass you'd know it
Posts: 12,991
Quote:
Originally Posted by JP-pornshooter View Post
you can do it this way, and it is actually the recommended way.
open an "S" corp, set yourself up as an employee with a fixed monthly salary...
i am in california, my accountant recommended doing it this way as the IRS frays upon doing a straight S corp since it is/was a way for many realtors to avoid paying in payroll taxes.
the profits from an S corp goes into your pocket and you pay income tax on the profit, but not payroll tax (such as social seurity, unemployment etc).
but can you back date this tho? meaning, can i go back and pay myself from 2009 or does it have to start at a certain date?
__________________
Email: Clicky on Me
96ukssob is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote