Every year around tax season, I get the same question: “Can I pay my kids through my business? I heard it’s a tax write-off.” The answer isn’t as simple as yes or no.  Like most things in tax and business strategy, the magic is in the method. When done correctly, you can pay your kids […]

As a CPA who oftentimes works with early stage entrepreneurs, I’m regularly asked “how do trades and barters impact taxes for small business?” With costs rising and cash tighter than ever, many business owners are turning to barter and trades to get what they need. Bartering has existed since Mesopotamia, and while it can build […]

Do you owe someone a 1099 form? If you’re asking yourself, “Do I need to send 1099 form?”, and you paid someone for services rendered, rent, or attorney fees – chances are you need to file some 1099s. And as a CPA, every year, I see the same thing:Business owners scrambling in January to figure […]

Here’s a mistake I see way too often: You form your LLC, celebrate the win, and assume you’re good to go forever.Until you get a penalty notice… or worse, your LLC is dissolved by the state because you missed an annual filing. This is one of the most overlooked areas of compliance.And it’s exactly why […]

When you’re growing a business, it’s easy to focus on immediate goals: paying bills, attracting clients, and expanding your offerings. But without a financial safety net, all that hard work can feel shaky. Whether you’re starting out or scaling, a strong foundation in your finances is what makes sustainable growth possible. I was reminded of […]