If I remember, you're a veterinarian. That's important for the tax treatment.
Your s corp has to pay out salary to you for professional services, and there will likely be profits left over. since you live in New Jersey, you will have some taxes to pay to NY, with resident credit to NJ.
Your W-2 from the s corp can be used to manage your income tax withholdings
, so quarterly tax payments
might not be needed. A complete review of your tax situation would confirm this.
NJ unemployment insurance is needed for your wages and those of your employees. https://www.state.nj.us/cgi-bin/treasury/revenue/dcr/reg/sos_dcrnew01_page1.cgi is a link to the NJ sign up to register and start paying.
Most states, and I did not confirm this, require even sole owners of a business to pay in unemployment premiums. Their argument has been that you will be eligible for benefits if you close the business or retire.
The local taxes are also withheld from your wage during the year, so local tax payment/filing is easier.
Thanks for asking at Just Answer. I'm PDtax.