Partnership: Self-employed Taxes Explained + Definition Partnerships must document partner contributions, distributions, and guaranteed payments. Corporations need to maintain minutes of board meetings, stock issuance records, and documentation of shareholder distributions. Payroll records must also be kept to ensure compliance with employment tax regulations. Professional bookkeeping services or an in-house accountant can help manage these […]
Partnership: Self-employed Taxes Explained + Definition Partnerships must document partner contributions, distributions, and guaranteed payments. Corporations need to maintain minutes of board meetings, stock issuance records, and documentation of shareholder distributions. Payroll records must also be kept to ensure compliance with employment tax regulations. Professional bookkeeping services or an in-house accountant can help manage these […]