Paying Workers Cash: The Tax Risk and How to Do...

Short answer: Paying workers cash is legal, as long as you report it and withhold on it. Cash is just a payment method. The tax risk shows up when the...

Manage Financial Side Business as Sole Propriet...

When you manage a financial side business as sole proprietor, the single best defense you have isn't a clever deduction — it's a clean ledger. Scott Singer proved that. He...

You Brought On a Partner — Here's How Multi-Mem...

Two brothers ran their family's Arizona concrete contracting company. Bruce Johnson was paid $4 million in officer compensation over several years. His brother Donald received $7.3 million. The IRS looked...

LLC vs S-Corp for Contractors: Where the 2026 T...

The choice between an LLC and an S-Corp comes down to one tax: the 15.3% self-employment tax. That tax is just Social Security and Medicare. A regular employee splits it...

How to Pay Quarterly Taxes: 2026 Contractor Gui...

If you spent years getting a W-2 from someone else's shop and just started pulling your own plumbing or HVAC jobs, the first change that hits isn't the work —...

How to Pay Yourself as a Profitable Contractor:...

If your trade business is an LLC or S-Corp and it is finally throwing off real money, here is the short answer on how to pay yourself: run payroll for...