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Update:

I found this website: https://www.socialsecuritytiming.com/index.cfm/knowledge-base/articles/how-to-fix-a-social-security-mistake/. This is probably what our employee is doing:


If the...

It will be recorded. This is not something we can hide. Also I believe that taxes are not considered due until the employee's wages are actually payed to the employee.

Thank you again for the responses.

Yes this will not affect us at all. We will just have some Wages Payable on our books for a couple months.

Harold: Our employees are commission-only, but they...

Thank you for the responses!

Why would a person be required to pay social security one dollar for every two they earn? He says he was collecting social security. Maybe he needs to pay back what he...

Hello,

I have an employee requesting to defer his wages until after January 1st. He says that for the remainder of this year he needs to pay Social Security one dollar for every two that he earns...

What everyone else said. Doing some quick math:

Next year gross profit (15% growth): $204700
Following year gross profit: $235405

-$60k per year for a manager

Next year gross profit:...

As tallen said, in the eyes of the IRS you are a sole proprietorship (unless you registered otherwise). As a sole proprietorship your business' income is also your personal income and your business'...

Hello, first post here. Nice to meet you all.

Our company has an official incorporation date of July 1, 2015. Taxes on wages payed up until July 24, 2015 were deposited by our payroll servicer...