Set up LLC a few months ago. Depending on earnings by December and tax obligations have to determine how much to pay myself. So intend to run payroll but once I figure reasonable salary after the big sales season in Nov, Dec. So what's the guidance on using Quick Books software for running payroll but only once a year. Is that an option?
Taking owner's pay in an LLC company and the contribution reports depends on the regulations of your state. I'm sharing with you an article about this scenario: Salary or Draw - How to Pay Yourself as a Business Owner. I would also recommend consulting an accountant to get an advice for your taxes.
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