Hello,
I was granted S Corp election from my SMLLC, effective 1/01/2024. I have customers that have the old SMLLC W9 on file, do I just send them the S corp info now, and they update there records and not send me a 1099?
Also I have determined what my reasonable salary is, but have not paid myself any money. Can I pay one check
at the end of the year? I am concerned about late filing payroll taxes.
Just need help with the transition, as the S Corp election wasnt approved until July.
Thanks
