Finance

Have finance questions? Ask a financial expert online.

Connect one-on-one with {0} who will answer your question

Related Finance Questions
I am adding a partner to my sole propriter llc. We are a
I am adding a partner to my sole propriter llc. We are a tavern. I want to pay my new partner the credit card tips he earns while works plus a draw from the profits. How do i go about filing taxes mon… read more
Emilee Weaver
Emilee Weaver
Controller
Masters of Professional Accounting
124 satisfied customers
For a Single Member LLC. Would the single owner's pay be
For a Single Member LLC. Would the single owner's pay be considered employee, and deducted as an employee expense on schedule c, or would it be considered self employment income and not deducted as a … read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,944 satisfied customers
My business partner and I own a real estate investment
My business partner and I own a real estate investment company (MKE LLC). We buy and rent houses. We recently created an S Corp for our Management company. From the S Corp (which is just my business p… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,718 satisfied customers
My business partner and I own a real estate investment
My business partner and I own a real estate investment company (MKE LLC). We buy and rent houses. We recently created an S Corp for our Management company. From the S Corp (which is just my business partner and myself) we pay ourselves a salary. Also, from the MKE LLC we also take an owner draw. My question is, is there a reason why we shouldn't just take 100% owner draw since it is tax free? And if we keep the management company salary is there is certain ratio that we should be taking owner draws when compared to the salary amount? … read more
PDtax
PDtax
Owner
Master's Degree
5,961 satisfied customers
I have a small business with a team of nurses who work
I have a small business with a team of nurses who work varying hours. I am set up to pay them all as W2 employees, and now one is requesting to be 1099. Is there any issue of tax implication if I pay … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,795 satisfied customers
I am in the process of setting up an LLC, but I have some
Hi! I am in the process of setting up an LLC, but I have some questions: … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,168 satisfied customers
I have been advised that I can refinance my business
I have been advised that I can refinance my business property loan and take some of the equity out for both business and personal uses. How does the personal part go on my books from an accounting sta… read more
PDtax
PDtax
Owner
Master's Degree
5,961 satisfied customers
I have a question about how to treat mortgage payment where
Hi - I have a question about how to treat mortgage payment where property is owned by 4 individuals (2 couples). However the LLC that the 4 own has been paying the bill directly. (LLC does not yet own… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,795 satisfied customers
I have been working as a self-employed real estate
I have been working as a self-employed real estate appraiser. I am currently set up as a DBA (Appraisal Solutions). I am looking to higher an office manager. The business will bring in about $140,000 … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,718 satisfied customers
I am working with an individual who is a 100% owner in two
I am working with an individual who is a 100% owner in two business - one is a single member LLC, and the other is an S-Corp. Both companies report on cash basis. The LLC buys parts and then sells the… read more
PDtax
PDtax
Owner
Master's Degree
5,961 satisfied customers
We currently have an arizona, llc but it's our understanding
We currently have an arizona, llc but it's our understanding that a partner cannot take a salary and must take an owner draw or guaranteed payment. This wouldn't really be a problem for us except that… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,795 satisfied customers
O.k i have a question regarding LLC company and an S
o.k i have a question regarding LLC company and an S corporation company , this are my questions.-If i have a client that has an LLC and this company made $2500000.00 gross receipts and from those 250… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,188 satisfied customers
Question.- Im a tax preparer have a client that does
question.- Im a tax preparer have a client that does cleaning on houses and during the entire year she deposit $45817.00 but of course she only had like $3500.00 in expenses but did not pay herself a … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,225 satisfied customers
Question.- Im a tax preparer have a client that does
question.- Im a tax preparer have a client that does cleaning on houses and during the entire year she deposit $45817.00 but of course she only had like $3500.00 in expenses but did not pay herself a … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
22,005 satisfied customers
I currently have a sole proprietorship business. I have been
I currently have a sole proprietorship for my business. I have been advise that I should incorporate. I have also been advised that I should make my wife an employee (right now she is a subcontractor)… read more
PDtax
PDtax
Owner
Master's Degree
5,961 satisfied customers
Happy new year to you. My question has to deal with a new
Hello and happy new year to you. My question has to deal with a new business and how to pay and tax a partial owner in an LLC. There are a few owners, but one of the owners also, physically does the w… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,718 satisfied customers
Hi. I have a LLC, is a S-Corp. I never had employees. I am
Hi. I have a LLC, is a S-Corp. I never had employees. I am the only owner. The income earned has been reported and paid income taxes. I have not salary. The activity of the company is small, around 12… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,188 satisfied customers
I would like to form an LLC. However, I am unable to open a
I would like to form an LLC. However, I am unable to open a business checking account due to a record on Chexsystems. What other options do I have to start a business? My husband can be part of an LLC… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,225 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,614 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,225 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

2,162 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Dave CPA

Dave CPA

Accountant

231 satisfied customers

I'm a CPA with over 10 years of experience

ConceptsCoach

ConceptsCoach

Certified Public Accountant (CPA)

171 satisfied customers

Chartered Accountant and MBA

sgriffin26

sgriffin26

Loan Officer

93 satisfied customers

Licensed RE Agent, Loan Officer, and NMLO. I have been in residential lending for over 10 years.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x