Cheaters!

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We work diligently with our clients that have S entities to ensure that they receive reasonable compensation.  You do recall that pass-through companies like S entities must pay their principals ‘reasonable compensation’ (a salary commensurate with their experience, capabilities, and time worked).  In so doing, the rest of the profits of the firm can ‘pass-through’ to the principals, without being subject to employment (social security and Medicare) taxes,  a savings of some 15+% to augment the pass-through revenue.

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Yom Kipur 5782 (2021)

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Tonight will be the 10th Day of Tishrei.  This Hebrew date means it is actually the special day of Yom Kipur.  This culminates the 40 days of introspection, repentance, and preparing ourselves to be better humans and to make the world a better place- with renewed vigor.  (While the closing prayer of Yom Kipur is called Ne’ila, the locking or the closing of the gates, many Jewish folks consider the 7th day of Sukot- coming up in 12 days (Hoshana Raba) to be the true closing of the books of judgment by Hashem, the Supreme Being.)

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Personal Brand? Then You Need a Personal Board of Advisors!

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You know I’ve been advocating for y’all to have a Board of Directors or a Board of Advisors.  (The former is for firms that have substantial sales- at least high 8 digits; the rest of us rely on the more informal Board of Advisors.)

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