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DanielleCPA
DanielleCPA, Certified Public Accountant (CPA)
Category: Finance
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Experience:  CPA experienced in tax and financial planning
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I have an S-Corp in Michigan. The only employee paid out of

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I have an S-Corp in Michigan. The only employee paid out of the business is my son who is a 25% shareholder. Am I required to pay unemployment insurance? My Quickbook program generates a liability and sets up a form for me to submit payment to the Unemployment Insurance Agency.
Submitted: 5 years ago.
Category: Finance
Expert:  DanielleCPA replied 5 years ago.

DMC :

Hi and welcome to Just Answer! I'm happy to help answer your Finance questions. Feel free to interject at any time if you need clarification.

DMC :

It depends on your son's age. If he is under 18, no. If he is over 18, yes.

DMC :

Please refer to page 176 (see item g) of the following link for reference: http://www.michigan.gov/documents/uia_mesact_76382_7.pdf

DMC :

Since he is only a 25% shareholder and over age 18, you must pay unemployment insurance for him.

DMC :

If you have any follow-up questions, please let me know. I will gladly answer them. If not, then please hit the green accept button to indicate I answered your question.

DMC :

Thanks!

DanielleCPA, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 781
Experience: CPA experienced in tax and financial planning
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