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sole prop Tag

 

Small Business Owner Problems

09 Jul, by Jschultz in Accounting, Business, Tax, Tax-Preparation

The Story A small business owner can in for a consultation. They felt they were unprofitable and were considering closing their doors.  The husband and wife owned the company jointly and relied on it for their sole source of income.  The company employed ten full…




Child Employed by Parents

25 Jun, by Jschultz in Tax, Tax-Preparation

   Child Employed by Parents If you are the owner of a small business that is taxed as a sole proprietor, or a partnership owned wholly by husband and wife, then your child may be exempt from paying FICA tax and FUTA for federal tax…