Remove CPA Remove Employee Remove LLC Remove Salary
article thumbnail

30 Entrepreneurs Explain Why They Started Their Businesses

Hearpreneur

We want to leave an impact on the communities we operate in and the employees on our team, so we even offer them networking and internship opportunities. Thanks to Tom Mumford, Undergrads LLC ! #5- 16- Wanted to replace my six-figure corporate salary. 5- To teach about love and kindness. Photo Credit: Debbie Petry Artt.

article thumbnail

Startup Tax Planning for Better Cash Flow Management

Up and Running

Many small business owners have no idea what they will owe in taxes until it’s time to pay them,” says Paul Gevertzman, CPA, a tax partner at Anchin, Block, & Anchin in New York. This is the Social Security and Medicare tax that is usually paid by an employer for a normal W-2 employee,” he says.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Much Should You Pay Yourself?

Up and Running

The question is, how do you decide what your own salary should be? We asked 12 founders from the Young Entrepreneur Council: How should startup founders calculate their own salaries versus those of staff members once the company starts to grow? Their responses — and tips for calculating your salary fairly — are below: 1.

CPA 123
article thumbnail

5 Critical Tips to Reduce Your Business Taxes This Year [WEBINAR]

Up and Running

Earlier this month I hosted Ryan Clower, a CPA from the accounting firm M. I am a CPA, down here certified in the great state of Texas and really just stoked to be here. Oftentimes, the example is, in your business you have an employee. An LLC is a state-based registration classification. I’m excited to be here.

.Net 85