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Add yourself as an employees for Payroll purposes LLC S

How should I go about putting myself on a regular payroll using Intuit for my Payroll service when I am setup as the Sole member in an LLC-S? The way i have Intuit setup it does not like me adding myself as an employee since there is a reference to my name in other parts of the program.

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Best answer October 15, 2018

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Add yourself as an employees for Payroll purposes LLC S

LLC with election to be taxed as S?

Add your name as employee with a period at the end to distinguish from as a customer or vendor.

BTW, if you did not elect S corp taxation paying yourself on payroll is disallowed by the irs.

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Community Champion

Add yourself as an employees for Payroll purposes LLC S

LLC with election to be taxed as S?

Add your name as employee with a period at the end to distinguish from as a customer or vendor.

BTW, if you did not elect S corp taxation paying yourself on payroll is disallowed by the irs.

View solution in original post

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Add yourself as an employees for Payroll purposes LLC S

John, Great Tip. i am setup as an LLC and have elected to be taxed as an S corp. my accountant suggest I get going with a regular payroll.
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Add yourself as an employees for Payroll purposes LLC S

Yes as you are designated you need to pay yourself a reasonable wage comparable with position and industry standards. And you must, as i understand it, pay this even if your company loses money, and must pay before any dividend distribution to yourself.
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Add yourself as an employees for Payroll purposes LLC S

I'm an owner/partner in an S-Corp LLC, and I'm also the quickbooks administrator. I tried this solution, but it will not let me use my work email address (error message is "We already have this email address on file for this company. To try again, enter a different email address.").

 

How are owners' email addresses supposed to go into the payroll system?

 

Thanks!

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