So if you really are an S-Corp, you need to get to an accountant before the end of the year, To help you set up your books and make sure you’re doing everything correctly. You must pay yourself a fair salary for the work you do and this is an expense on the books of the S Corp. but it’s not just one specific task, it’s everything you do; you may be the “CEO“, the prime contractor, a service provider, or anything else that your business does. You must have a W-2, and you must have anything else that state law requires that you provide for employees, such as unemployment insurance or Worker’s Comp.
I’m not particularly well-versed on S corporations and hopefully someone else will wander over and give some more information.
