I agree ...don’t file the 941/w-3 but let’s not get our panties in a wad here. No need to run out and hire outside help unless you want to. If this is your first year filing for this S-Corp and your revenue is way low I would just be proactive going forward this year. File 941 quarterlies even if it just a small amount. Any remittance is better than none. Then reconcile at year end. Most small businesses don’t know their income/loss until year end and there fore file their largest 942 payment on January 15th. That’s advice I got from another CPA( yes I am one too) back when I started my s Corp in 2016. Just make sure you file the informational 1120s and k-1 by March 15th because those penalties are ridiculous....but can be abated if it’s your first offense. And that’s a fact from personal experience.
