I have S corp, nature of business is software
consultancy started in 2014
2 Directors ( myself and my wife)
No business , No employees since inception.
No revenue so far , $0 tax filing
done promptly using CPA.
Since Oct 2016, I am working for 2 contract jobs using Corp2corp (w9).
My question is :
Should I enroll as employee ?
if so since what date i should.
and What establishes me as a employee with my own company?
Can the 2nd director ie my wife can work as employee too? and what is the procedure?
what all necessary things should be taken care to comply according to labor laws
, tax laws
If I do not want to be employee, and no expenses are incurred , what should I do with the income
in company's account by the end of FY, can I carry forward to next year?