What's the Difference Between Owner's Withdrawal vs. Employee Payroll in QuickBooks Online?
What is the difference in payroll taxes with an owner's draw vs. a salaried employee? How are contractors and employees treated differently and who gets a 1099 vs. a W2? How do you pay taxes as a business owner and how do you record everything in QuickBooks Online. If you own a corporation, how do you get a K-1 and do distributions? There is a lot of unpack on this topic!
RESOURCES MENTIONED IN VIDEO:
Video: Quarterly Taxes Q&A
Video: Payroll basics
Video: 1099s
Video: Record Start Up Costs
