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Discussion of the latest issues affecting our clients.
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Small business cash flow management for a recession
Preparing for a recession means preparing for the unknown. That’s a tough thing to do! The best advice is to think conservatively and get a second opinion from a CPA with experience in recovery from recessions and other economic disasters. One tool is to use existing accounting data, supplemented with new information, to create…
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Earned income is not recharacterized or “netted” for self-employment tax calculation
This is an except from a client email that addresses the point that we don’t recharacterize income by passing it through LLCs, partnerships and S-corporations. Earned income is subject to either wage taxes or self-employment tax. “You asked whether income generated by ZZZZZZ Consulting LLC, taxed as a partnership, can be treated in any…
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Discussion of the origin of the word “Nantuxent”