So Loren's post has some good information. I want to be clear though, that when you have an S-Corp, you must pay yourself a salary, which is reported on a W-2. There are also quarterly payroll filings, 940, 941, etc that will not be fulfilled if you are just sending in quarterly estimated tax payments as described in that post! I highly recommend consulting a payroll admin as there are a few moving parts, like FUTA and SUTA that are easily missed.
