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Does solo owner S Corp in Florida need to pay the Reemployment tax

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  • Does solo owner S Corp in Florida need to pay the Reemployment tax

    I setup a LLC and file as S Corp. Being paid as 1099 to the LLC and the LLC pays my salary as W2. No other employee and has no intention to have any employee under this S corp. My accountant filed and has been paying into Florida reemployment tax. My question is, since I am a solo business owner as well as the only employee for this corporation, do I still need to file for the reemployment tax? It is silly since I would not be collecting this at all and just paying into the fund for nothing. Thoughts? Comments?

  • #2
    Yes, your corporation is required to pay into the fund on behalf of you, the employee. I have actually known business owners to file unemployment with their business.

    Have you run a cost-benefit analysis to see if it is worthwhile to have an s-corp, i.e. are you saving enough taxes to overcome the administrative costs? Might want to consider.

    Last piece of advice - change your user name to something besides your email addy.
    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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    • #3
      (duplicate post deleted)
      Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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      • #4
        Johanna, is it correct that you don't have to pay into the fund if you're a sole proprietor or single-owner LLC?  Thought I read that on their website just now.  My wife needs to fill out the paperwork for her business.

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        • #5




          Johanna, is it correct that you don’t have to pay into the fund if you’re a sole proprietor or single-owner LLC?  Thought I read that on their website just now.  My wife needs to fill out the paperwork for her business.
          Click to expand...


          If you are a sole proprietor or SMLLC, you are not receiving a paycheck (i.e. "employed") and, thus, are not required to pay into the system. At least, I don't know of any states requiring that. The tax is an "employment" tax.
          Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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