I'm Jamie — Profit Strategist and Financial Literacy Coach.

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Profit First: My Love/Hate Relationship

Hobby Loss Rule - Side Hustlers Beware

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 […]

Hire My Kids

What Age Do You Pay Taxes? What Age Can I Employ My Kids?

You may have heard there is a tax benefit to becoming an S corp. Let's discuss the differences and find out if you could actually save money.

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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: […]

S Corp

S Corp vs. LLC: How to Choose The Best Business Structure

S corp vs. LLC? Which is best for you? Calculator, pink macaroons, and a coffee in the background.

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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. […]

S Corp

How to Set Up a Family Management Company To Hire Your Kids

Setting up a family management company, how to hire your kids. Jamie Trull smiles while her children sit on her lap in her office.

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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 […]

S Corp

Making A Millionaire: Can I Open a Roth IRA For My Child?

Kid with a lot of money. If you're excited about creating generational wealth, youll enjoy this article detailing the benefits of Roth IRAs.

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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 […]

Taxes

How to Hire Your Kid In A Family Business: Busting Myths

Kid pushing a lawnmower that is taller than the child with the text: Busting the myths: the truth about hiring your kids in your business

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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 […]

S Corp

S Corp Tax Deadlines 2024 Approaching Fast: Mark Your Calendar!

S Corp Tax Deadlines: Business tax deadlines you need to know for filing your federal income tax and S Corp tax deadlines.

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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 […]

S Corp

What is a Reasonable Salary for an S Corp?

Reasonable compensation as an S Corp

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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 […]

S Corp

Most S corp tax calculator methods are wrong! [Do This Instead!]

S Corp vs. LLC Calculator

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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 […]

S Corp

Business Structure Chart: A Quick Guide to Choosing the Right Business Structure For You

Choosing a business entity is dependent on several factors. Read on for comparisons of different business structures.

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