Are Scorp owners required to pay themselves a wage? The IRS tells us every year that they are coming after Scorp shareholders who do not pay themselves a reasonable wage. At Carlson Accounting we have the tools to help you determine the correct wage rate and make sure you're in compliance. Today I cover an example of a Sole Proprietor vs an S Corp.

Coffee with Carlson 2/28/2022 Made in America I'm starting a new series about products I use that are Made in USA. New Made in USA episodes about every 4 weeks. These are products that I use and lover that are either assembled or manufactured in the United States. This episode: Strangely Warmed Coffee Chevrolet Trucks Martin Guitars Fender Guitars

I decided to jump into a rabbit hole of confusion and misinformation called Tiktok! There is a lot of crazy information out there.  Some of it may lead you to a discussion with your CPA which isn't a bad thing.   Listen with a grain of salt and take some notes.  Then call your CPA to lead you in the right direction!

Coffee with Carlson Season 3 2/7/2022 We're back after a short break for the holidays and getting ready for tax season 2022. This week I discuss some of the important items you need to look out for. Please like, share and subscribe to our YouTube channel!

Coffee with Carlson 11/29/2021 I receive hundreds of emails every day.  Many of them are scams.  Some end up in the trash folder but not all. Today I review some recent emails I've received and give some tips on how to avoid being a victim.

Coffee with Carlson 11/22/2021   December 31 is coming super fast.  There are many strategies and actions you can take prior to year end to help minimize your tax bill.   I cover several topics including stimulus, capital gains, crypto and retirement funding.

Coffee with Carlson 11/15/2021   Living your life with strong moral and ethical principals makes the whole world a better place.   There is a big difference between talking about it and living it.  In this case "put your money where your mouth is!"   Start spending your money with the same principals that guide your daily life.     Links to some of my Made in America Brands:  - https://dearborndenim.us/pages/our-story  - https://filterbuy.com/our-story/  - https://www.chevrolet.com/  - https://www.bridgestonegolf.com/

Coffee with Carlson 11/8/2021   Are Crypto assets subject to income tax?     I dive into 3 scenarios that trigger tax reporting for your crypto transactions.