Why Business Owners Hire Their Children Tax savings through income shifting Paying a child through your business allows you to shift income from a higher tax bracket (yours) to a…
Hiring your child through your business is a smart way to teach them responsibility, but it can also be a powerful tax strategy when done properly. With the right structure…
Doctors face unique financial challenges. Long training, variable income, and complex practice finances make standard accounting often inadequate. A specialised accountant for doctors can help you navigate these complexities, protect…
When you work as a 1099 nurse, your paychecks come without taxes any of the taxes being withheld. That means it’s up to you to track every cent earned and…
The Name, Image & Likeness (NIL) era has opened new opportunities for student athletes, but with new income comes new responsibilities. Taxes are now part of the picture for many…
A Guide to Smart Dental Practice Accounting Running a dental practice comes with clinical demands, but the financial side matters just as much. The way you structure your practice can…
Many businesses struggle to decide between hiring an in-house bookkeeper or using outsourced bookkeeping services. This decision affects everything from cash flow and efficiency to compliance and reporting. Understanding the…
NIL Income Tax Implications for Student Athletes The ability for student-athletes to earn money from their name, image, and likeness (NIL) has opened new doors, but it also comes with…
How do estate taxes affect inherited property? Inheritance can be a financial blessing, but it can also trigger unexpected tax complications. Whether you’ve received property, cash, or investments, understanding how…
5 Red Flags That Trigger a 1099 Audit When you’re self-employed or hiring independent contractors, the last thing you want is a knock on the door from the IRS. But…