New S Corp owners, time to set up payroll

So, you finally decided to take the leap to S Corp election for. Congratulations! You’re (probably) on your way to saving $$$ in self-employment taxes.

But don't forget, the IRS requires S Corp shareholders (with greater than 2% ownership ~ typically all shareholders) to take regular payroll wages. For single owner LLCs making the election for the first time, setting up and running payroll might feel like an overwhelming and complicated task. It doesn’t have to be!

Gusto, one of the most user friendly payroll services, is running a 50% off for 6 months promotion RIGHT NOW! You have to start onboarding by 1/31 and run your first payroll by the end of February. Gusto’s intuitive and easy to understand onboarding and payroll processing features make it a top choice for many bookkeepers and accountants.

Reach out if you need help getting everything set up!