Sole Proprietor

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A Little Bit About Sole Proprietorships, Part 1

By | November 6th, 2014|Categories: Small Businesses Taxes|Tags: , , |

Basic tax information about sole proprietorships

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If You’re a Sole Proprietor, There’s No Such Thing as a “Salary” for Tax Purposes

By | May 20th, 2014|Categories: State Taxes|Tags: , |

When I talk about the topic of salaries in sole proprietorships, I typically get confused looks from people. They run a sole proprietorship, they take money out of the business to live on or to reward themselves ... that's a salary, right? Variations of this include: "I get to deduct my salary, right?" or "I only [...]

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