[pianotech] Quickbooks Payroll Rant

[William Truitt]

I don't think it affects it too much either way.  I incorporated at a time
when I had employees, was a piano dealer, and had more risk.  If I had
remained a sole proprietor I would have remained a sole proprietor.  It
would cost me about a thousand bucks to go back to sole proprietorship legal
fees and such, so I have done nothing.   As far as the IRS is concerned, I
am an employee of the corporation, so with payroll I have to keep my nose
clean in exactly the same way for filing and timely payments as I would with
any employee.

 

Will 

 

From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of David Love
Sent: Saturday, April 24, 2010 8:26 PM
To: pianotech at ptg.org
Subject: Re: [pianotech] Quickbooks Payroll Rant

 

Slightly off your issue here but I'm curious how incorporation has
influenced your bottom line since you now have no employees.  When all is
said and done, filing fees, savings on self employment tax, etc., has it
been worth incorporating in that respect?

 

David Love

www.davidlovepianos.com

 

From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of William Truitt
Sent: Saturday, April 24, 2010 4:47 PM
To: pianotech at ptg.org
Subject: [pianotech] Quickbooks Payroll Rant

 

I've been using Quickbooks since I incorporated my business in 1995 and
hired employees.  At one time, I had 3 employees and used a payroll service
for payroll and taxes.  That worked well for me when I had employees, but
was too expensive to justify when I downsized and had only one employee -
myself.  So I went to payroll software, in this case Quickbooks Payroll
because it integrated with Quickbooks and was the only game in town.

 

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