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Should I have paid myself with since I was the only worker for my LLC business?
I started an single-owner LLC this year and opened my own food truck. I was the only one who worked and I also had a full time job. My full-time job was enough to pay all of my personal bills so I didn't pay myself for the time I worked at the food truck. All of the money that was earned at the food truck I put directly back into the business account because I had a large loan I was worried about paying off. Now that tax season is upon us I am worried about the fact that I didn't pay myself or have any employees. Should I have paid quarterly federal tax? I paid state, county, and city tax but I never made a payment on the federal level because I didn't technically have any employees.
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‎June 4, 2019
12:09 PM