July 23, 2020
We are a corporation and have two owners. Is their entire salary non-payroll?
Posted by Armanino Financial Advisory Team
If they are paid a salary that is reported on a W-2, then those costs should be captured on the employee pay tab (Pay Cycle 1 Input tab). If they are paid distributions or other non-guaranteed payments which they report on Schedule C of their personal income tax return, then those amounts should be captured in the Owner’s Compensation section.