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Business & farm
@barby332 wrote:I am trying to avoid the payroll situation and hire a professional.
That is the best way to pay the MOST amount of taxes and penalties, as well as dramatically increasing your audit risk.
No, you can't report your "wages" as self employed via the other business. Payroll is required, and in my opinion EVERY corporation should have a tax professional do the corporate return for AT LEAST the first year and be consulting with the tax professional every year after that (and/or have the tax professional continue to do the corporate return).
The best way to have a productive business is to focus your time and effort on what YOU do best (the business) and hire professionals for other things that need to be done (such as taxes).
As a side note, is there a reason why the business is a corporation? From your brief description, a corporation may not be the best option for the business.