What Every Small Business Owner Should Know!

I am saddened when a potential new client comes to me & I see
that their company is


either a sole-proprietor or an LLC. This saddens me because their
CPA or tax professional hasn’t


had the conversation with them about converting to an S-Corp. I
am saddened because CPA’s


know better & tax professionals should know better, but nope,
they are allowing their client to


over pay their taxes. You see, sole-proprietors and/or LLC’s pay
an additional 15% SE tax on


their net income & If their net income is over $18k, they are
giving too much to the IRS out of


their pocket. If they were in a S-Corp, they wouldn’t have to
give it away. I help small


businesses understand this and reposition themselves for
thousands of dollars in savings each


year.


I wish I had known about S-Corporations & why there is such a
huge tax advantage to operating


as one. For years I overpaid my taxes.


It’s a struggle but at the same time it is rewarding to groom
someone to take care of my clients


the same way I would take care of them. It less about delegating,
it’s more about team building.


Unfortunately the adage “the best laid plans...” is true in my
case. Sometimes I prioritize by logic and then I have to
re-prioritize by fire & often that is in the same day. In my
profession, I am deadline driven.


Lists, lots of lists, write it down. In my office we use slack to
communicate lists to each other.


I also look at a task at hand & ask myself, who else can do
this task?


We start with long term goals:


1. Overall desire for the company


2. 2 year goal for the company


3. What do we want this time next year as a company


4. What do we have to do now to reach goals set for the beginning
of next year


With the advancement & availability of connecting through
technology, I am able to provide my


clients with the same high quality service I provided prior to
COVID. I serve clients worldwide,


so I have used screen-sharing technology and secure client
portals for some time. On a rare


occasion when a client just must come into see me, we sanitize
and social distance and wear


masks if need be.


Not enough hours in the day. I am very passionate about helping
people and that takes time.


#1 by far is Spencer Johnson, author of “Who Moved My Cheese.”


He wrote one line that changed my professional life & that I
still draw on to this day:


“What would I do if I wasn’t afraid?”


Another one is T.Harv Eker - Enlightened Warrior Training:


Courage is not action without fear, Courage is action in the FACE
of fear.


Our website is: www.carisenterprises.com


and you can search us in yelp, google and LinkedIn


set an appointment for a FREE 1 hour consultation HERE