07/11/2016
I am often asked how is payroll handled as a Sole Proprietor.... http://smallbusiness.chron.com/sole-proprietor-not-entitled-tax-deduction-salary-payments-himself-11191.html has excellent info on this. Send me an email if you need any assistance!
A sole proprietor is not entitled to tax deductions on salary paid to himself because these payments are not business expenses. When a sole proprietor pays himself a salary, he merely is transferring ...