Taking Money Out of a Business & QBI

Taking Money Out of a Business & QBI

We get a lot of questions about the best ways to take money out of a business and how this money is taxed. Essentially, for S-Corporation owners, there are two main ways to do this: Owner’s Draw or W2 Wages. However, there is a deeper, and possibly more important...
Tracking Your 5 Top Key Business Metrics

Tracking Your 5 Top Key Business Metrics

With 99% of US businesses classified as a small business, there is no doubt that they are the backbone of the U.S. economy. US laws provide a low barrier of entry for entrepreneurs to cultivate startups across the nation. It can be said that starting a business in...
How to Overcome Business Blind Spots

How to Overcome Business Blind Spots

No matter how savvy of a business owner or leader you are, not only will there always be the opportunity for a blind spot to exist, but there will always be one at every point in time. A business blind spot is basically the lack of knowledge or understanding  of some...
10. Help! I’m Starting a Business

10. Help! I’m Starting a Business

Help! I’m Starting a Business Welcome to Questioning Your Cents where you can get your real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors. We are your host Kevin Molen and Charles Steinmetz. Our job is...

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