AboutJohn Stancil, CPA Expertise I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I teach tax and accounting at a small church-related college. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a part time tax practice for over 30 years. I am a member of the AICPA, National Association of Tax Professionals, and the Institute of Management Accountants.
Visit my website at www.johnstancilcpa.com.
Also visit my blog, www.thetaxdocspot.com.
Experience I hold a doctorate in Accounting, and four professional certifications: CPA, CMA, CFM, and CIA. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I write a monthly tax column for the local newspaper. I have prepared taxes for over 30 years.
Education/Credentials DBA University of Memphis
MBA University of Georgia
BS in Accounting Mars Hill College
Question I want to form either a LLC or Corp for an electrical company, that will also employ a licensed electrician. In order to apply for a license of my own, I need to show the electrical board 7 years of wages on a social security printout from an electrical contractor. In order to show these wages what is my course of action when starting up a LLC or corporation
Answer Paul,
Thanks for your question.
I would suggest that you form a corporation and pay yourself a salary, complete with withholding for SS/Medicare and income tax, issuing a W-2 at the end of the year.
You could probably accomplish the same thing with an LLC, but the corporate form would be a stronger distinction between you and the company.
