SCorpDesk / 2026 S-Corp & QBI Guides / Single-Owner S-Corp Payroll Guide (2026): Quarterly Form 941, Form 940 FUTA & W-2 Filing
Single-Owner S-Corp Payroll Guide (2026): Quarterly Form 941, Form 940 FUTA & W-2 Filing
How do you run payroll for a one-person S-Corporation in 2026?
A single-owner S-Corporation runs W-2 payroll (monthly, quarterly, or biweekly), withholds federal income tax and 15.3% FICA, files quarterly Form 941 returns, files annual Form 940 FUTA ($42 federal unemployment tax on the first $7,000 of wages), and issues Form W-2 by January 31.
A single-owner S-Corporation runs W-2 payroll (monthly, quarterly, or biweekly), withholds federal income tax and 15.3% FICA, files quarterly Form 941 returns, files annual Form 940 FUTA ($42 federal unemployment tax on the first $7,000 of wages), and issues Form W-2 by January 31.
Frequently Asked Questions
How do you run payroll for a one-person S-Corporation in 2026?
A single-owner S-Corporation runs W-2 payroll (monthly, quarterly, or biweekly), withholds federal income tax and 15.3% FICA, files quarterly Form 941 returns, files annual Form 940 FUTA ($42 federal unemployment tax on the first $7,000 of wages), and issues Form W-2 by January 31.