Saturday, September 22, 2007

Can officers of my newly created s corp be opted out from payroll? -

my just created a new s corp and elected 2 officers. is it mandatory by law to run their payroll? can something be done about that? they are just helping voluntarily.

They don t necessarily have to be paid - it s not mandatory. But if they re doing something useful and devoting a significant amount of time to the company, you may want to consider doing something for them - maybe some kind of deferred payroll arrangement so they get paid in the future when the company has money. If they aren t compensated for their work, either now or in the future, this can lead to resentment and disagreements within the company - something that you certainly don t want to happen. - CPA

No, they don t necessarily have to be paid - it s not mandatory. But if they re doing something useful and devoting a significant amount of time to the company, you may want to consider doing something for them - maybe some kind of deferred payroll arrangement so they get paid in the future when the company has money. If they aren t compensated for their work, either now or in the future, this can lead to resentment and disagreements within the company - something that you certainly don t want to happen.

How do I cancel my gvo/kiosk account? -

i really just dont want it anymore. Please be serious with your answers. I work better I the instructions are provided step by step. thanks everyone.

Scroll down to the bottom of the members page, select the contact us page and submit a new ticket. Make sure you copy the date/time/address in the confirmation, so you can track the submission.

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