State: TENNESSEE
I am part owner with another person for a web design company. We just recently brought on an "employee" and are learning the ins and outs of taxes we need to withhold, etc for that employee (any resources you have would be very helpful!)
Anyway, I was curious how my partner and I should handle our individual taxes. Do we consider ourselves as employees, and tax like any other normal employee?
We are classified as a general partnership.
Thanks in advanced
I am part owner with another person for a web design company. We just recently brought on an "employee" and are learning the ins and outs of taxes we need to withhold, etc for that employee (any resources you have would be very helpful!)
Anyway, I was curious how my partner and I should handle our individual taxes. Do we consider ourselves as employees, and tax like any other normal employee?
We are classified as a general partnership.
Thanks in advanced