This Question Is Answered:
 Is It Legal For An Owner To Have A Company Check Made Out (8 To 12K) Monthly, Return Money In Large Envelope To Owner For Distribution To Others With Taxes Being Paid By Either?
Account Description: Miscellaneous (Income) Expense. Don't feel all the money with to employees.
 20 Jun 2008 01:18
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 It all depends on the form of Employment Contract the Owner has with his employees. If they work for him on a Self-Employed basis then it is their responsibility to pay the IRS. Legally there is nothing wrong with drawing cash to pay the staff as long as it is recorded in his accounting records as 'Salaries' and to whom.
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  21 Jun 2008 14:01
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