Should You Be An LLC Or S-Corp | When Is It Time To Fire Your Accountant | Chris Peden CPA

SOTA S2 E195 | LLC Or S Corp


It’s no secret that many salon folks try to avoid learning their accounting numbers, sometimes until it’s too late. In this conversation Chris Peden shares how you can be more proactive and make the best use of your money at tax time.


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Should You Be An LLC Or S-Corp | When Is It Time To Fire Your Accountant | Chris Peden CPA


Here we are with another episode. What part of Maryland are we in again?

Ellicott City, Maryland. This place is extraordinary and this event couldn’t be better. What I mean by that is a lot of things, number one, the education. You have Geno Stampora and Nikki Le passing on their knowledge to salon owners, salon leaders and trainers, teaching people how to develop curriculums, but then there’s the networking that’s involved. You can go to a hair show and you can see lots of people but the networking and community here feel a little different to me. It feels a little more intimate. People were very willing to have conversations with people. It’s a great event.

Speaking of conversations, we are lucky to have Chris Peden here. He’s our favorite CPA who we got to talk with a while back. Chris is here at the event. We are going to talk a little bit about taxes, money and what we should be looking for. Chris, welcome back.

Thanks, John and Chris. It’s great to be here in Ellicott City. I grew up down the road in Columbia, Maryland, and went to a couple of Orioles games growing up.

Let’s touch base on some things that we talked about in the last episode. Why the hair business? What was it about the beauty industry that made you want to work with these folks? What was it about our industry that said, “Here is a place that I can offer some value. He’s a place that I can offer some service?” Why hairdressers?

I had the good fortune of meeting and being introduced to Nikki Le. She knocked my socks off. I studied a lot of entrepreneurship. I worked for a tech company for fifteen years. During that time, I had never met anyone like Nikki, who was entrepreneurial and devoted to her students and customers. This is some energy that I wanted to feed off of. She was able to convince me that these were the people who needed help. Something I’m drawn to is being able to help people.

I don’t like it when people are scared of their finances or their CPA because this is stuff to help you live your life. This is a tool. My dad was a CPA. We were at my oldest son’s baptism and my mother-in-law is the wife of a correctional officer. She found out how much money he deals with. She said, “Does it scare you to deal with that money?” He looks and goes, “It’s a tool. This is all that is. Money is a tool. Think about it that way.” I’m trying to help people understand that this is what’s happening. At the end of the day, it’s a tool. Let’s figure out how to use that tool the best without chopping off your finger.

We are talking about hairstylists, independent contractors, and owners of large salons. Many of them, because they have made it so easy or what feels like easy to do online solutions for your taxes and you push five buttons and you are done, people are afraid to deal with the headache. They don’t know what they are getting themselves into. It’s much like a mechanic. It’s like, “I don’t want to take my car in because I don’t want to get the bad news.” What are some great reasons for those people that have been running that way to have a relationship with somebody who knows more benefits that they could be getting? Why should I have a CPA?

You’ve touched on it. It’s the more benefits. If you stop and think about it, most people like you were saying, “Touch the button.” That’s maybe 10% of the tax code. I get the tax code every year. It’s about 10% to 20%.

They are missing out on 80%.

There is so much in there that they could be using their tools. We were talking before about a self-employed retirement plan, which is a great way to save money on your taxes. IRAs and Roths are great. They have some good savings and tax savings. We can discuss that at some other time. If you are running a business and you are a sole proprietor or an LLC, if your salon does well, you can put up $50,000 a year into this account and start growing your retirement.

Plus, do you understand what the numbers are telling you? You just push a button and it pop-outs your tax return. What do you do with that information? When I look at a tax return or financial statement, it’s telling me a story. Even looking at your financial statements, I’m going through there and I’m seeing changes. What caused the change? Why are you spending this money? It’s asking questions beyond what you are doing because a lot of people are intimidated by that tax form as well as the financial statement. I say, “I’ve got it done. Let’s put it away.” There is more we could do to it so that you can do better in the future.

Tell me a little bit more about this self-employment retirement plan. You said that’s a great place to put some money. I love putting money away for retirement, but how does that save me money on taxes? How much do I get to put away?

What if I don’t have $50,000? You mentioned a big number.


Money is a tool, and you need to figure out how to use it best.


It’s a hook to get people interested in it. What it does is you are able to take it and take a certain amount. Maybe you can even put $5 in there. That doesn’t matter when getting started with it. What it does is that you take that amount and it reduces your income that’s going to be taxed. A great thing about these is that this is one that you have to have the plan set up before the end of the year. You can make a contribution before April 15th.

I will ID your tax and say, “You are going to owe this much. How much do you want to put in your plan?” During that time, you’ve already had business. You know how much money you can take out of your operations and put into that retirement plan so we can make a determination. Put it on your tax return and it cuts money then. As long as you make it by April 15th, you’re good to go.

I would pay less taxes if I started to contribute because I have made that contribution.

You can wait until after the end of the year to determine how much you can because people may not have money after Christmas to be putting money in. Let’s say March or early-April timeframe, they are probably going to have some money because they may be flushed some cash.

Unlike some of the other plans, I can put up to $50,000 into this account.

There’s a formula that goes into it. I’m not going to go into the formula with it. With an IRA or Roth, you can put up a $6,000 or $7,000, depending on your age. The better you do, the more you can put in.

I want to talk about another thing. We touched base on this before we started the show. That’s about the PPP money. A lot of companies and people we know are able to tap into that fund and carry their businesses forward to the pandemic. Now we are going through the whole forgiveness process. What should we know about what happens next and what that forgiveness process looks like? Are there any questions we should be answering? I know you said it wasn’t a whole lot there because it’s mostly to the banks. Is that correct?

The PPP Loan Program was being done through the banks. The forgiveness is going to go through the banks. What the CPA can do is help you take a look at that form because we look at forms all day long and say, “Here’s what we need, as well as a request comes from the bank saying, ‘We need this from you.’” You get an email and you are like, “What is that?” We can sit and say, “Here’s where you find the financial statements here. We can show you the calculation to put that in so you can get some forgiveness.”

The CPA’s role is to get you the information you need and give it to the bank so that they can process the forgiveness.

You answered in one sentence why you want to have a relationship with a CPA. You said we look at forms all day. We have different types of intelligence. Our intelligence is on hair in client services and getting people to come to us. We put a lot of effort and energy into that. When it comes to a form, I know people that fall asleep as soon as they read one sentence.

It’s not a great way to handle your finances. You are an expert in reading these forms that most people don’t want to touch. Your whole goal as a CPA is to save that person as much money legally as possible, so they are paying the minimum amount based on the law and keeping the maximum amount, and then what do I do with that maximum amount?

I’ve worked with a great financial planner in my area. We work hand in hand. I have conversations with them all the time, “My clients are thinking about doing this. How will this affect their taxes?” You build a team. Nikki is here and she’s talking about doing a salon and building the team there. We are part of the team. We can be a tool in your belt to help you achieve what you want to achieve. We are not just going in and doing hair because we love doing it. That’s part of it but you also want to build a life. We are here to help you build a life and answer the questions that you have.

Let’s talk about that. For most people, what’s the difference between a CPA and a financial planner? Can’t one do both? A challenge that many salon owners have is they look for financial advice from their CPA or their accountant. Is that the best place to look? I don’t know. Is it better? Do I need a financial planner? Tell us about the difference between the two. Why do both help them having this one?

What’s great is that with the tax code, as complicated as it is, I can’t know everything but I can know enough. I have securities licenses. I’m licensed to be a financial advisor but I want to focus on taxes because it’s my first love or what have you, which is sick as that sounds. With a financial advisor, you are looking at things like insurance, investing, what can be done for college plans or what you have.


SOTA S2 E195 | LLC Or S Corp
LLC Or S Corp: A self-employed retirement plan is a great way to save money on your taxes.


What is the best for keeping track of all that? If you ask a salon owner, “Learn about color and microblading.” In everything that comes out, do you want to have someone who is very detail-oriented? Not knowing, their head would explode. It’s like building a team. You can go to your CPA and say, “Here’s what’s happening.” If I were to talk to them, I would say, “Let’s bring in this expert here to talk about what you should do and what are your financial goals because they may know something that I don’t. I have to take continuing education.” It glosses the surface of the in-depth things that happen.

This might be putting you on the spot. Share an example of how you’ve saved somebody’s money that they didn’t even realize was an opportunity. You are working with a business and they come to you and they are in fear and panic. You go, “It’s not that bad. Here are some things we can do.”

I had a client. We were talking about retirement plans. She was against it. I was able to talk her into it. This was at the beginning of the pandemic. I finally convinced her to make a contribution and her money doubled. Now she is one of my biggest disciples. She’s telling everybody about it, also, with S corporations.

You are going from becoming an LLC to an S corporation. What that does is that you cut down on self-employment taxes. It ends up saving you money because you are paying the self-employment taxes, but it’s going to work out that you are going to be paying less of them because you can also put your salary on the payroll.

Another one is hiring your spouse or you hire your kids. That is something that you can do as long as they are doing work and you pay them as you would pay someone who’s not related to you. The money is like, “My wife works for me, so I pay her a salary. She’s going to have it anyway, so why not pass it through her so we can save some money on taxes?”

I like the way you think. Are you going to ask him the questions you were asking David?

I was but before we get there, the first thing I want to touch base on that will lead into the questions that Chris is asking is a lot of people ask, “Should I be an S corp or LLC?” I know that’s a lot more complicated than what we are going to cover in a 45-minute episode. Give us the elemental parts. What are the maybe 1 or 2 advantages to an LLC, and 1 or 2 disadvantages, and 1 or 2 advantages to being an S corp and 1 or 2 disadvantages?

Also, when do you make the transition? I’m of the disillusion or illusion that there’s a size thing in that, that an LLC is running a smaller company. What I’m doing is I’m giving you a false belief or the myth that I have in my head.

It’s like, “I’m not big enough to be a C corp.”

It depends. You are asking for benefits and drawbacks. The benefit of being an LLC instead of a sole proprietor is that you have that veil. If something goes wrong, you end up cutting someone’s head off or what have you. If you are an LLC, your personal assets are not going to be at risk. You are able to do that and you are able to carry on the name of the business and it’s not going to be under your name.

If somebody decides to sue my company, my home is safe.

Even though you can do that, please do get insurance. I don’t think you can skimp on this because you are an LLC. I have insurance in case something happens. It’s another layer to make sure that you are not going to face losing your house because you slipped while doing a haircut.

An LLC provides some protection. What would be a disadvantage of having an LLC?

The self-employment tax is going to be the biggest thing. That’s going to be 15.3% of taxes in addition to your regular taxes, the ordinary income taxes. That’s always going to bleed in. I have people come to me and say, “I started this LLC. I want you to do my taxes.” I then give them the form like, “My taxes went up. What happened?” “You had self-employment taxes.” That’s going to be something that you are going to have because when you are working as a W-2 employer, your employer takes care of that. Whereas, you are now the employer, you need to take care of that because Uncle Sam needs his money.


Use your financial statements to check how your business is doing.


For the sake of discussion, if I make $10,000 from my LLC, I’m going to have to pay the Federal withholding on that $10,000 plus 15.3% in self-employment taxes.

Yes, you got it.

Let’s switch to an S corp.

The great thing about that is you can pay yourself a salary. If you are an LLC owner, you can’t pay yourself. The only way to get money out of it is to do a draw from it. With S corp, you need to pay yourself a reasonable salary. What would you pay someone to come in and do your job so you can go out to Tahiti and lay on a beach having an espresso martini and Mai Tai?

What you can do is set yourself up as an employee there. That’s going to cut down on self-employment taxes. Also, it’s a little bit easier to transfer ownership of it. We would have mentors and masters here if that were to become a corporation. While Nikki decides that she doesn’t want to do that anymore, she can also transfer that over to somebody and say, “I’m going to sell you shares of my business.”

You can’t sell shares of an LLC.

There are no shares in an LLC. It’s a sole proprietor with a fancier name.

Let’s say two people decide they want to open a salon together. This happens all the time. They go into it and they say, “We are going to set up an LLC,” that’s not a real thing. They are going to go in and set up an S corp.

What’s going to happen is if two people set up an LLC, there will be an LLC but they are going to be taxed as a partnership. What’s going to happen is the IRS is going to say, “You got two people. You are an LLC being taxed as a partnership.” You cease being a sole member LLC. That’s what it’s called. You could go on and say, “Maybe we want to do an S corporation because the partnership is going to be subject to self-employment.”

What if you know you are going to grow? It’s like, “We are going to grow this thing.” Is the S corp the way to go in that scenario or it’s not that cut and dry?

You can also sell shares in the S corp. You can have up to 100 members. Make sure that they are all United States citizens or residents. You can sell shares. That’s a great way to bring in additional cash.

If I’m running an S corp, I get a paycheck as the owner of the company. That avoids me having to pay that 15.3% self-employment tax. The company or my S corp still has to pay that. Somebody has to pay for it. The S corp is paying it. Do I still have that veil of protection with an S corp?

Yes, you do.

So far, an S corp sounded like a good deal to me. Why would I choose an LLC over an S corp?


SOTA S2 E195 | LLC Or S Corp
LLC Or S Corp: Your personal assets will not be at risk if you are an LLC.


It only transfers at a certain dollar value of earnings. I would say at about $100,000 is when we need to sit down and have a conversation. You bring in about $100,000. That’s when we start taking a look at it. Before then, you will have to fill out Form 1120-S. That’s your tax form. That’s going to cost you a little bit more money. I’m not going to do this for fun and giggles.

The expense of maintaining an S corp is going to reach a point where it doesn’t become worth it until you are generating about $100,000 a year in sales.

There’s going to be that.

Thank you for helping us out with that. We were getting back to some of the questions Chris was reminding me of. We had this conversation with some folks. We are talking about 3 or 4 different areas of profit that a company can have. It was a conversation I had a couple of weeks ago. Hopefully, I’m going to remember it all. There were four different places where you, as an owner, get to take the profit out of your company. One of those areas is if you own the building, you can take money in the form of rent or some other distribution. You own the building. Here’s some profit for you.

There’s the profit from the business. You get to take some profit from the business and that’s yours, then there’s your behind the chair money. If you are behind the chair and you are cutting hair or if you are in the treatment room doing skincare treatments or what have you, you have that money. If you are managing your company, you can take up a manager’s check. You’ve got four different opportunities as a business owner or four distinct areas in your business to want to do that.

One of the conversations I had was taking money out of the business as a draw wasn’t as effective or as good for your business as taking a paycheck. We had this conversation about LLCs and S corps. Why does it increase the value? Why does it make my company more marketable if I’m taking a check as an S corp and not just taking a draw as an LLC?

It goes deeper. The suggestion was we have this habit of doing things as we pay for our car and I have the business to pay for it. Instead of taking a paycheck, I’m going to take a draw instead. If I’m going to buy groceries, I take my Sam’s Club card and the salon bought them. All of these things in my head, on the surface, I’m thinking, “This is great. I’m not paying for my car. I get to buy my groceries through the business. Isn’t this awesome.”

Whatever else, I can run through that process. I don’t take a paycheck, so I’m not paying taxes. I’m taking a check as I need it. Those things are profit killing or not necessarily good for the business. Explain to us in a simplified version, why isn’t it a good idea to do all that? Don’t I just pay less taxes and it’s good for me?

Not necessarily because some of the things you need to be able to deduct. What’s going to happen is granted that the audit rate for LLCs and individual taxpayers is around 1%. For an S corp, it’s even less. Don’t think that you could get away with doing this. At the same time, there’s always that chance that they could come and take a look at it. Why are these groceries a part of your business? You are not running a grocery store. As a salon owner, how has that car played into your earning money? You are not a salesperson going off and earning it. There’s always the chance that they could come back to you and say, “This isn’t a deductible. You are not only going to owe the taxes on it.” We have some interest in penalties that it’s going to come back and hit you.

From a practical standpoint, what you want to do on your financial statements is use those to show how your business is doing. If you are doing things like buying groceries, entertainment and a car, it’s not going to show you how your business is doing and how you can make it do better when you analyze your financial statements. You want to keep them as clean as possible so you can answer the question of how you are doing.

We talk about profit and loss statements all the time or income statements. There are multiple reasons, but that’s one of the primary reasons for that report. It is how am I doing at running this business? If you are clouding it with all this other information, you can’t tell.

If I’m sitting there as a CPA, I’m supposed to be advising you, “What’s all this? You have $10,000 in snacks. Why $10,000 in snacks? How does this help your business?” That’s the question I always ask. “By spending a dollar here, how do you get another dollar? What amount of money are you going to get in sales?”

That’s a great question, “By spending this money here, how is that going to help you to generate another dollar in sales?”

That’s how I turn salon owners into financial analysts. It’s just saying, “Why did this change? What am I getting by spending this money?”


You are the bad-ass business owner and entrepreneur. If your CPA is making you feel small, get rid of them.


We do coaching and we were working with a client. We are going through a process of building a cashflow plan, which on the surface is like, “Do I have to do this?” The answer is yes. Here’s a great thing. We had our phone call that we have every other week, “Here’s your task. Finish the last four months, September, October, November, December.” The reason that she had to go through the exercise is she was losing about $2,000 a month. I said, “How did it go? How was it?” She goes, “I didn’t like it at first, but I realized that with a little tweak here and there, I’m not losing money anymore.”

I’m so proud of her. I didn’t tell her that. She figured it out by going through the process, but she’s right. Sometimes it’s just little tweaks. Granted that losing $2,000 a month than losing $20,000 a month is a big difference but even still, it’s one of the things that you suggested. That is becoming your own financial analyst to be able to look at these things and go, “What little tweaks can I make here and there to change how effective businesses and how well it’s run?”

I always use the story of Van Halen. They used to have a demand that you couldn’t have. They had to have a bowl of M&M’s without the brown M&M’s. What happens is people will be like, “Van Halen. They are being these rock stars.” It was a practical purpose to it because Van Halen was one of the first bands to go to the small markets like Ellicott City and put major shows on.

Imagine trying to build those stages into specs that went in there. They had an insurance rider. They said it was the thickness of a Chinese phone book. They put that clause in the contract to say, “You are going to put in a bowl of M&M’s. No brown M&M’s.” They walk in, they pour out the bowl of M&M’s and they realize that if they found brown M&M’s, there was something missing probably in the stage construction. That’s what I say with your financial statements. How can you put something in there that shows you where the brown M&M’s are? That is something he has looked at.

I always know I’m above my head when I sit down with an actual financial person. What’s great about that is I know I represent a lot of people. It’s a defense mechanism. It comes up to where my mind just goes. Every time we talk, you paint the picture more clearly. I have to say the difference between the LLC and the S corp, I have been both in my life. I have had S corps and LLCs.

I never knew why. I didn’t understand why on one, we took a draw and why we did not. My accountant will never explain that to me. I employed lots of family through the years. I never knew there was a benefit to that. This is all great stuff. Is there anything we are leaving on the table in this discussion or anything you feel like?

One of the things we wanted to touch base on is you said tax extensions are due soon. A lot of folks extended their tax report from April of 2021. October is the date, is that right?

October 15th is when you need to have them in.

I’m just being silly because I know somebody out there is going to want to know the answer to this question. What happens if I miss the deadline?

You still need to get the tax turned in and then you are still going to face interests and penalties.

The whole point of the extension is to avoid interest and penalties up until October 15th. If you miss the deadline, “We gave you the extension, now you are going to have to pay both.”

You are not going to go to jail. They are not going to come to get you. Why are you going to pay more?

A bunch of accountants knocking down your doors is not too intimidating. Maybe me, I’m a pretty big guy. Something that also business owners or people don’t realize is that the actual taxes are due on April 15th, whether or not you filed a return or not. What’s going to happen is they will go and you may get a notice back saying, “There’s some interest due on the taxes you didn’t pay.” Please keep that in mind in the future going forward. You want to see it and try to get an estimate when you are doing the return about this is the amount of taxes that you are going to pay. Pay it around April 15th. It’s not an extension to pay. It’s an extension to file.

To be clear, because my extension is due this October 15th, 2021, the taxes were still supposed to be paid on April 15th, 2021.


SOTA S2 E195 | LLC Or S Corp
LLC Or S Corp: With S-Corp, you need to pay yourself a reasonable salary.


May 17th. They’ve extended it a little bit.

Is there anything you feel like we are leaving on the table or anything you think salon owners or hairstylists need to know? First of all, how do we get ahold of you? Can you do taxes for anybody in the United States?

Anybody in any state. I have done some for Hawaii. I haven’t had the opportunity to go out and visit that client or in California.

Maybe you’ll pay your wife to go to Hawaii.

She needs to do business but we have friends out there who are missionaries. It may be a little hard sell. One thing that I want to tell salon owners is if your CPA is talking to you like you are stupid, it’s time to fire that stupid CPA. You are the bad-ass business owner and entrepreneur. You are writing the check. Remember who’s writing the check to that person. If they are making you feel small, get rid of them because you wouldn’t take us from one of your employees.

You said something in our last episode that has stuck with me and I have repeated it many times. I want to thank you for this. You had talked about if your CPA makes you feel stupid, get rid of them. One of the things that you brought up that I thought was great was I can use online tools and do my own taxes.

We had talked about, what’s the role of an accountant or CPA in this changing environment where so much is available online. You said something that stuck with me and that is as a professional group of men and women, accountants have decided that your real goal moving forward is to be an advocate for the business and to be one of those people that provides some type of support. We are not just going to count the beans for you anymore. We are going to come in and how can we support you? How can we help grow your business?

From my own experience and maybe yours, Chris, I think that’s a different approach than how we have experienced accountants in the past. I have talked to my accountant early in my career. I felt stupid. You didn’t know which questions to ask. If you did want to ask them, you didn’t because you didn’t want to come across as dumb. The very fact that accountants have made this transition to being advocates of your business and not just providing a service and “you are dumb and not as good as me” is a sea change in that relationship between the business owner and CPAs. I want you to know that it stuck with me on our last episode.

I’m also was called a certified management accountant. It’s someone who works within the industry to help them build. That has been something that the institute that runs has been saying. It has become a strategic partner with the business. That’s what I’m looking to do. It is to be more of a strategic partner with salon owners and all my clients and say, “Here are some things to think about.”

With all politeness and respect to everybody in the industry, if your accountant, CPA or financial advisor isn’t being that support to you, find a different one. There are plenty out there who want to help, support and be that advocate for your business.

I’m going to go the non-polite route, fire his ass. I don’t know why we have to be polite about that. Fire his ass and call Chris.

Chris, thank you so much for this conversation again.

How do we find you?

I’m at You can probably find me online, Chris Peden. I’m on Facebook, Peden Accounting Services. I’m always hanging out. I’m friends with Nikki on Facebook. If you find Nikki, you’ll probably find me.

Thanks, Chris.

Thank you.


Important Links


About Chris Peden

SOTA S2 E195 | LLC Or S CorpMy name is Chris Peden, and I am a CPA with over 20 years of experience helping people, small and medium-size businesses organize and make sense of their finances.  I particularly enjoy helping make clear the sometimes confusing terms and topics that individuals and businesses have to understand to function and succeed in today’s fast-paced and competitive business environment.

I want to make it easier for people to live their dream life by taking care of the burdens that come with keeping track of their personal or business’s finances.  Whether it is helping them prepare their tax return, understand their financial information, or choose a course of action through a complicated financial situation, I want to free up their time so they can spend time on their area of expertise helping their clients, and getting well paid for their services.

I genuinely want to help you and become the trusted adviser you can turn to when you need to make a decision about your money, not just for taxes.  I am committed to building a relationship with you to be there for you year after year through the various changes in your life and the life of your business.  Your needs matter to me, and I want to help you not only complete the compliance requirement of filing a return but also build a plan for your and your business’s financial future that you build the life and business you set out to have.

I want to help you create an ongoing tax plan that fits your overall financial plan.  Preparing a tax return is just a subset of that ongoing financial discussion.  By setting up a plan so you can minimize how much you pay in taxes during the year, as well as find ways you can use the tax code to finance your life.

I don’t just do taxes. I also perform many types of financial services.  I am always open for tax questions, tax planning, and for any other help you may need.  If you audited, you can rely on me to represent you and your interests.

In addition, with my years of working with Fortune 500 companies, as well as smaller companies in various industries, I have become greatly skilled at the analysis of financial statements and reports, analyzing investment opportunities, as well as explaining the options open to you when faced with a difficult financial decision, helping you be more at ease with making a decision with what to do in the situations you encounter.

As mentioned before, I can provide tax planning advice throughout the year. I can let you know the tax moves you can make each year that will save you hundreds in tax dollars.  This means I can provide guidance to help you navigate situations dealing with:

  1. Starting or expanding a small business
  2. Buying, converting or selling a rental property
  3. Foreign income
  4. Navigating through alternative minimum tax issues
  5. Retiring and selling a business
  6. Buying into a partnership
  7. Accelerating or postponing income
  8. Restricted stock or employee stock options
  9. Determining how much to withhold from your paycheck or pay in quarterly estimates

If you run into a situation like the ones mentioned above, or a combination of a few of them, I can find and maximize any and all tax benefits for you.