I am saddened when a potential new client comes to me & I see that their company is
either a sole-proprietor or an LLC. This saddens me because their CPA or tax professional hasn’t
had the conversation with them about converting to an S-Corp. I am saddened because CPA’s
know better & tax professionals should know better, but nope, they are allowing their client to
over pay their taxes. You see, sole-proprietors and/or LLC’s pay an additional 15% SE tax on
their net income & If their net income is over $18k, they are giving too much to the IRS out of
their pocket. If they were in a S-Corp, they wouldn’t have to give it away. I help small
businesses understand this and reposition themselves for thousands of dollars in savings each
I wish I had known about S-Corporations & why there is such a huge tax advantage to operating
as one. For years I overpaid my taxes.
It’s a struggle but at the same time it is rewarding to groom someone to take care of my clients
the same way I would take care of them. It less about delegating, it’s more about team building.
Unfortunately the adage “the best laid plans...” is true in my case. Sometimes I prioritize by logic and then I have to re-prioritize by fire & often that is in the same day. In my profession, I am deadline driven.
Lists, lots of lists, write it down. In my office we use slack to communicate lists to each other.
I also look at a task at hand & ask myself, who else can do this task?
We start with long term goals:
1. Overall desire for the company
2. 2 year goal for the company
3. What do we want this time next year as a company
4. What do we have to do now to reach goals set for the beginning of next year
With the advancement & availability of connecting through technology, I am able to provide my
clients with the same high quality service I provided prior to COVID. I serve clients worldwide,
so I have used screen-sharing technology and secure client portals for some time. On a rare
occasion when a client just must come into see me, we sanitize and social distance and wear
Not enough hours in the day. I am very passionate about helping people and that takes time.
#1 by far is Spencer Johnson, author of “Who Moved My Cheese.”
He wrote one line that changed my professional life & that I still draw on to this day:
“What would I do if I wasn’t afraid?”
Another one is T.Harv Eker - Enlightened Warrior Training:
Courage is not action without fear, Courage is action in the FACE of fear.
Our website is: www.carisenterprises.com
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