I recently created a single member LLC and filed form 2553 with the IRS to be classified as a Sub-S for tax purposes. I am the founder and only employee of the company with no plans to expand. In the state of Georgia, do I need to pay State Unemployment Insurance (SUI) assuming the IRS grants my request? I have my payroll processed via ADP and this seems to be a grey area that requires the expert opinion of an accountant familiar with GA code. Please provide info to back up your answer. Thanks!
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Hello G_Wheeler
In GA state, employers pays the cost of Unemployment Insurance. S-corp. is a separate entity and you will be the employee. So S-corp. will pay the SUI taxes.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
Hello G_Wheeler
In GA state, employers pays the cost of Unemployment Insurance. S-corp. is a separate entity and you will be the employee. So S-corp. will pay the SUI taxes.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
Thanks for the response and the supporting details!
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