Author Archives: Paul McCann

4 Ways to Navigate the Coming Recession

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The financial media are in a tizzy. The latest predictors are showing the US economy may be headed for a recession.  After ten long years of economic expansion it looks like the party is coming to an end. As a business owner, this impacts you in a very real way.  As a leader whose job it is to care for those who work for you, the thought of a reduction in work and the potential of layoffs is miserable. Considering you know the names of the family members rely […]

Four Facts About S-Corporation Distributions

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Your LLC is up and running. You’ve figured out the benefits to being taxed as an S-corporation and have placed yourself on the payroll. Not to be unreasonable, you took steps to make sure your salary would be acceptable to the IRS should they choose to review it. Now that your company is profitable, how do you get that profit into your pocket without creating tax headaches?Here are four facts you need to know about distributions from an S-corporation. 1. &nb […]