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We are paying ourselves. But our accountant says that since we are making some profit, we should put ourselves on payroll. I appreciate the feedback and I do a
by keltex 15y ago
We are paying ourselves. But our accountant says that since we are making some profit, we should put ourselves on payroll.
I appreciate the feedback and I do agree that time is more important than money. But money is also important when you're "ramen profitable".
- codeslush 15y agoI think you're confusing my comment with someone else's! Either that, or I very poorly stated my comment. I was referring to getting thousands back in earned income credit - depending on your situation. Did you know it's possible to get thousands back with your federal tax filing even if you only paid in a tiny little bit? Your accountant should be explaining this to you if he isn't. Hack the system.
- keltex 15y agoSorry, I responded to both comments at the same time. I appreciate your feedback!