I was reading the posts written on the board the latter part of August about accountable plans and had a question on how simple setting one of these plans up for a small S-Corp would be.
Just to clarify what was written. Nothing very formal needs to be used as long as the rules for such a plan are followed correctly? Does any document need to be in the Articles or in company files or can such a plan just be set up as part of bookkeeping accounts?
Thanks,
Dennis
Just to clarify what was written. Nothing very formal needs to be used as long as the rules for such a plan are followed correctly? Does any document need to be in the Articles or in company files or can such a plan just be set up as part of bookkeeping accounts?
Thanks,
Dennis
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