You should consult with your accountant or tax professional. How the owner of a company takes money out of the business depends on the type of entity (sole proprietor, S Corp, C Corp, etc.) and whether you are considered an employee (corps) or take owner’s draws (sole prop). Plus, there are tax […]
Resolution for 'C Corp issue: 'Can I pay myself at the end of the year an annual salary covering the entire year?' available: Yes.
The C Corp issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the C Corp issue yourself by looking for a resolution described in the article. If it is a complex C Corp issue or you are unable to solve the issue, you may contact us by clicking here or by using other C Corp support options.
For more information about resolving issues related to C Corp in Quickbooks/QBO or to get support for the issue 'Can I pay myself at the end of the year an annual salary covering the entire year?', click the link below: