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Help! This is why a social worker should not go into business for herself, no business sense. We are a LLP, i understand that means that we are not employees that we take a "partnership distribution."
We do not do payroll per se. I have been to the IRS web site and am lost. Where can I get a how to on LLP's with answers to questions like, do we pay self employment tax, how much should we hold back for taxes, when do we start paying taxes? Maybe I am making this harder than it is, my tax guy says not to worry once we make a profit we will pay taxes. This worries me. Thanks
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