Managing your business finances often means seeking smart strategies to minimize tax burdens. One intriguing question that some business owners ask is whether adding their children as part owners in the business can reduce their tax obligations. In this post, we’ll walk through Jamie Trull’s expert insights on this strategy, break down how it works, […]

If you’re running an S Corp, you might not understand the key benefit of S Corp Selection. Or even worse: you could be making costly mistakes without even realizing it! Imagine finding out that something you thought was harmless is actually putting your business at risk. Today, we’re diving into the three biggest mistakes most […]

Have you been wondering how an SCorp Save Taxes? Or if it really can? Hello. Hello everyone. Jamie Trull here, your favorite CPA and financial literacy coach. And today we’re going to be diving even deeper into the world of S corporations, also known as S Corp. So this is perfect for you. If you’re […]

Introduction Welcome to the ultimate guide on S Corp deadlines for the year 2024 and beyond. As a business owner, understanding and meeting these deadlines is crucial for navigating the complexities of S Corp taxation. Join me as we explore the key dates, requirements, and consequences associated with S Corp filings. Electing S Corp Status: […]

As a parent and a business owner, the idea of hiring your children can be both appealing and practical … but you might be wondering “what age do you pay taxes?” Employing your children provides a great opportunity for them to learn business skills and earn money. But it also offers significant tax advantages. Did […]

Running a small business comes with many tough decisions. One of the first decisions you made was likely picking a legal business structure – and determining how to pay yourself. Many businesses start as sole proprietorships, partnerships, or limited liability companies (LLCs).  But as the business and your profits grow, you might hear this advice: […]

Are you the proud owner of an S Corporation? Are you wondering if you can hire your children without setting up a family management company? If you want the associated tax benefits, look no further! In this comprehensive blog post, we will delve into the specifics of hiring your family members in an S Corp. […]

If you’ve ever wondered “Should I, can I, open a Roth IRA for my child?” Today I’m thrilled to share an exciting tax strategy with you today! This strategy is for small business owners who also have children. In this blog post, we’ll delve into the powerful concept of making your child a millionaire by […]

As business owners, if you’ve wondered how to hire your kid but you’re not sure where to go for advice – we created this information for you. We often encounter a variety of advice and tips on how best to manage and grow our ventures.  While some of this advice is grounded in truth and […]

Thinking about forming an S Corp? We’ve got your back. With the Jamie Trull team on your side, you can hit the ground running with your business and make sure you’re doing it right. We aim to bring an extra dose of innovation to the process so that navigating all the S corp rules and […]