Legal, tax and payroll: everything that keeps your business by the book.
Your customers pay, the account has activity and no month ended in the red. And still the bank says you don't qualify on income. Your business and your file are two different things, and the bank can only read the file.
Someone gave you a percentage: this much salary, this much distribution. That number doesn't come from any rule, and if it's all you have, you have nothing to stand on the day someone asks where it came from.
It's your company, so the money in the account is yours. The logic is flawless and it is not how a corporation works: if you couldn't say whether what you took out last month was salary, distribution or reimbursement, there is something to sort out.
You have the banking app open, the business balance in view and rent to pay, and you don't dare make the transfer. You can. What almost nobody explains is what comes with that freedom.
A box truck company sits on three layers of obligations: your state, federal transport rules, and your internal documents. Two of them have someone chasing you. The third doesn't — and that's the one that falls.
Since October 2024 a federal rule penalizes review manipulation. It bans six specific practices, and several of them are things businesses do without knowing there are now consequences.
A driver paid as a contractor is normally not covered by the business's workers' compensation. Here is what happens after the accident — and what you can do before it.
Many carriers believe a signed contract, or asking the driver to open an LLC, settles the classification. It does not work that way. Here is what actually gets evaluated.
The IRS has a program to reclassify workers voluntarily by paying 10% of one year, with no interest and no penalties. Requirements, deadlines and who it works for.
The IRS evaluates three areas to classify a worker: behavioral control, financial control and type of relationship. We explain each one with box truck examples.
Is it worth getting an ITIN without a Social? Refunds, a record for immigration processes, bank access, credit and mortgages: the real benefits, explained clearly.
What is an ITIN and what is it for? Learn who needs one, how to apply with Form W-7, how long it takes and when you must renew it.
Form 4361 exempts a minister from the 15.3% for good, and there's no going back. What it actually requires, what it doesn't cover, and why most of the people who ask about it are already past the deadline.
The housing allowance keeps the part of a pastor's salary that goes to his home out of income tax, and it costs the church nothing from the budget. How it's calculated and why it gets lost.
Paying a staff pastor on a 1099 is one of the most common mistakes churches make, and it comes from reasoning that sounds airtight. Here's why it fails, and when a 1099 is in fact correct.
To the IRS a minister stands on both sides of the street at once, and almost everything churches get wrong in their payroll comes from that. Here's the rule and what the law doesn't allow.
