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Need to file 'Report of New Employee' with California?

jacsbuchananjacsbuchanan Member Posts: 5

Hi there, my business is setup as an LLC. I want to start paying myself payroll for the first time (no other employees) and am setting that up in Wave. Do you know if I need to separately file a DE 34 Report of New Employee with the California EDD or if that is handled by Wave tax filing? Thanks!

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    MikegMikeg Member Posts: 995 ✭✭✭

    jacsbuchanan,
    Although I don't know the answer to your exact question, I thought I would make you aware that unless the LLC elected to be taxed as an S-Corp, owners of an LLC cannot pay themselves a W-2 salary.
    Mike G, CPA
    www.mgfinancial.net
    Better Service - Better Pricing

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    jacsbuchananjacsbuchanan Member Posts: 5

    Thanks Mike. It is taxed as an S-Corp. My advisor has suggested that I should now start paying myself a W-2 Salary.

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