What is the best way to hire an international employee as an S Corp?
One of my clients wants to hire an individual as an employee from overseas but she has no clue how to deal with this and what formalities and things are required?
Can anyone guide me on this?
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Liz King, CPA CPA
First you will want your client to apply for certification from the United States Department of Labor. The Department of Labor seeks to protect the rights and w ... Read more
what is the reasonable amount of payroll that can be taken from s corp?
One of my s corp clients recently withdrawn $9K as payroll and this is the only amount he has taken in the year 2020.
I would like to confirm whether it makes any sense to withdraw lumpsum one amount ...
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Liz King, CPA CPA
Active S Corporation owners are required to run payroll. The IRS says that S Corp owner/operators must pay themselves as employees of their own company. (This e ... Read more
Why changing from LLC to S corp?
My client had a IT Consultancy company as an LLC but during the year, his CPA suggested him to change the entity to S Corp!
I know the differences of different types of entities but I can't understand how my clients ...
