What is an Owners Draw vs Payroll When I Pay Myself As A Business Owner?
There is always a lot of confusion around how to pay yourself as a business owner. This was a question that popped up again in our Free Facebook Group so we want to dig deep on it now! Before we do that I also highly recommend checking out previous Blog Post and Podcast Episodes related to this: […]
How Is My Business Entity Taxed?
The entity you use for your business plays an important role in many different areas, taxes being one of them. There seems to be a lot of confusion among small business owners related to how their business entity is taxed. We are going to clear the air here and get down to the details of […]
How Can I Maximize Business Deductions and Write-Offs?
Maximizing Deductions… This is one of my favorite topics to discuss with business owners. The fact is, business owners for far too long have been told that in order to lower their taxes they need to go out and buy things. “Go buy a truck” (that you don’t need), “go buy a new TV” (that […]
How Can I Utilize a Board Meeting for Tax Savings?
Last week Attorney Andrew M Ayers discussed What You Need to Do to Maintain Your Corporate Entity and one of the things he discussed is corporate meetings, minutes, and an annual meeting. Be sure to talk to your attorney about what type of meetings or board may specifically be required for your business. With that being said, today […]
What Do I Need to Maintain My Corporate Entity?
On this post we invited our preferred Attorney, Andrew M Ayers. If you would like to connect with Andrew or are looking to setup an entity you can contact him directly here. Here is a guest post from Andrew M Ayers: You’ve made it through the process of setting up your business (if you chose to […]
What Do I Need To Know About 1099s? (For Business Owners)
More than likely, if you are a business owner you have heard of 1099s. You have either received them or have been told you need to send them out. I want to take the time in this article to clear any confusion and ensure you have everything you need to know about 1099s because it […]
What Do I Need To Know About 1099s? (For Business Owners)
More than likely, if you are a business owner you have heard of 1099s. You have either received them or have been told you need to send them out. I want to take the time in this article to clear any confusion and ensure you have everything you need to know about 1099s because it […]
What Strategies Are Available To Increase College Financial Aid?
This is part 3 of our mini series around college savings and financial aid. As part of these we have a guest post from our Podcast guest, Jack Wang. Most people think the key to getting more aid is understanding the nuances of the financial aid formulas. What counts, what doesn’t, and when. Yes, those items […]
What Are The Basics Around Financial Aid For College? What Options Are Available?
This is part 2 of our mini series around college savings and financial aid. As part of these we have a guest post from our Podcast guest, Jack Wang. For most Americans, “doing” taxes each year simply involves filling out the required tax return(s) and hoping for a large refund. In many ways, families think the […]
What Options Are Available For College Saving?
This is part 1 of our mini series around college savings and financial aid. As part of these we have a guest post from our Podcast guest, Jack Wang. Families often ask about the best way to save for college, trying to figure decide if one type of account or investment is better than another. […]