Scorp unemployment

Discussion in 'Ask An Owner Operator' started by Wespipes, Mar 29, 2020.

  1. Wespipes

    Wespipes Medium Load Member

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    Just throwing this out there. I pay myself a weekly paycheck. Unemployment taxes all that comes out. Can I lay myself off and file for unemployment? My state pays 450 max which is what I'd get. Then this stimulus package pays me an extra $600 so $1045 a week. No wear and tear on my truck. I run flatbed and rates and demand are tanking big time. Thinking this will keep my afoalt until this passes over
     
  2. x1Heavy

    x1Heavy Road Train Member

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    The key word.

    That DURN VIRUS!!! I cannot get to work... everyone and Eeyore is sick today. What am I to do?

    You better file pronto. Arkansas just finished 30,000 filings and pending weekend online filings and 24/7 night filings now. I think 3 million plus 7 more are trying to file if they havent already.

    So many people smarten up about dear uncle sam and his blessed 600 dollars a week plus whatever the state gives you, thats like 4000 a month.

    I actually sat and thought about filing as well. It would be a very thin excuse bordering on fraud and crime if I tried it.
     
  3. Wespipes

    Wespipes Medium Load Member

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    That's my concern. Is it legal? Idk seems like a bit of a grey area. Technically I am an employee and my company(myself) and choose close shop Seems legit idk
     
  4. Doealex

    Doealex Medium Load Member

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    I know Pennsylvania takes a long time before it gives UI to self employed people (if it ever does). But maybe with COVID-19 things might have changed, and states loosened up a bit, since they want us to stay home.
     
  5. ZVar

    ZVar Road Train Member

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    If you are paying unemployment I don't see why it would not be. Of course you will need to check with your states unemployment office (good luck with that).
    Personally I would file and after the panic is over find out if it was fine and be willing to pay it back if not. Maybe on a payment plan....
     
  6. Ridgeline

    Ridgeline Road Train Member

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    Go for it.

    You have limited work out there, right?

    You are going to lay off your employees, right?

    The additional ui money is to ensure you can handle your payroll so you don't go under.

    Have a friend who is a temp care giver as a 1099 vocation, he has two clients who are elderly but he can't do that so he is applying for ui to keep his head above water. No different than a truck driver.
     
  7. Hulld

    Hulld Road Train Member

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    Are you a sole proprietor, LLC, or Corporation ?
     
  8. bryan21384

    bryan21384 Road Train Member

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    Make sure you dont owe child support or else no stimulus package for you!!!!! I owe a little under 2k but I'm still working so I dont care about the package
     
  9. bryan21384

    bryan21384 Road Train Member

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    The feds did put aside money for businesses too, I cant say how much but that's part of the package. Check into that
     
  10. Scooter Jones

    Scooter Jones Road Train Member

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    Why would your State require you, as an S-corp, to pay the u.e.i. portion on your payroll and not allow you to collect on it?

    Oregon won't allow officers of the S-corp to pay into it on the payroll side. Thus, we can't collect.

    Would a grand a week be enough to pay for all your business fixed related costs and personal obligations though?
     
    RubyEagle Thanks this.
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