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 […]

The life of an entrepreneur is full of exciting and rewarding challenges … like determining what is a reasonable salary for an S Corp?  Let’s discuss what the IRS looks out for when it comes to getting your figures just right, as well as the considerations you should keep in mind before setting that reasonable […]

How to accurately determine if S Corp tax savings will apply to you One of the most common topics I’m asked about as a CPA relates to WHEN it makes sense to become an S Corp.  There is a lot of incorrect information out there on this topic, so I’m going to provide some tips […]

Do you find starting a business overwhelming? We created a fun business structure chart to help you get more clear on your options. With so many business entities to think about, where do you begin? Many aspiring entrepreneurs give up on their dreams of starting their own business because they feel overwhelmed. They don’t know […]