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Payroll becomes essential if we determine that making an S-Corp election for your LLC makes business sense for your situation. The IRS requires that you pay yourself a "reasonable salary" as an S Corp. You will need to keep records of your payments, withhold the correct Social Security and Medicare taxes, and file and pay payroll taxes.
myVault takes care of all of this for you as part of our standard compliance & support services package.
To speak with an advisor, you can schedule a Zoom Call with one of our advisors here: Schedule Call . You can also contact us by email: hello@myVault.Work or give us a phone call: (888) 435-9664
We look forward to speaking with you!