Living Out Allowance
In certain situations, a company can pay and deduct a living out allowance and the employee does not have to report the allowance in their
21 May 2019
I. . .
Business owners running single-person operations face unique challenges. As the only person solely responsible for your business, you undoubtedly have questions about pay structure, company structure, and how that will change should you choose to hire employees. At KWB, we can answer questions every step of the way, from starting up your one-person operation to transitioning into a multi-employee business.
We help you to improve cash flow by taking advantage of tax savings opportunities. There are a number of tax breaks available for one-person businesses, and by helping you to identify them, we can help you to improve your profit.
We also provide your small business with business advisory services. We establish a relationship with you so that you can think of us as a partner, allowing you to comfortably bounce ideas off of us. Our relationship with you isn’t just a one-way handing-over of information, but a two-way dialogue that allows you to grow.
"We greatly appreciate KWB’s flexibility with scheduling appointments. Even during the busy tax season, they have graciously arranged meetings that accommodated our busy schedules."
If you’d like to talk about we can help your one-person operation, please contact us.
If you’re an existing client, please give us a call and set up a meeting.
If you’re a new client, give us a call or send us an email – we’ll set up a no-commitment consultation for approximately a half-hour. We’ll talk about your business, your personal and professional goals, and answer all of your questions about us as well. If there’s a good fit, we’ll provide you with actionable advice and get you started down the path towards your goals.
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