by Noah Green CPA CFE | May 5, 2026 | Small Business & 1099 Reality
A freelance consultant grossing \$80,000 a year asks her tax advisor whether she should set up an S-Corp. The advisor says yes. A second consultant grossing \$180,000 asks the same question and gets the same answer. A third grossing \$40,000 asks and gets the same...
by Noah Green CPA CFE | Apr 28, 2026 | Small Business & 1099 Reality
A freelance designer measures her home office as 220 square feet in a 1,600-square-foot home, calculates a 13.75% business-use percentage, applies that percentage to her annual utility bills, rent, renter’s insurance, and depreciation, and ends up with a \$4,800...
by Noah Green CPA CFE | Apr 21, 2026 | Small Business & 1099 Reality
A consulting-firm owner’s tax advisor recommends the “Augusta Rule” strategy: have your S-Corp rent your personal residence for 14 days a year for board meetings, expense the rent at the corporate level, and exclude the rental income on your personal...
by Noah Green CPA CFE | Apr 14, 2026 | Small Business & 1099 Reality
A small marketing agency has been paying its bookkeeper, a graphic designer, and a developer on Form 1099-NEC for four years. Each invoices monthly, each works from their own office on their own schedule, each handles their own taxes. The owner thinks of all three as...
by Noah Green CPA CFE | Apr 7, 2026 | Small Business & 1099 Reality
Two S-Corp owners run comparable consulting businesses with comparable \$280,000 net income years. The first pays himself a \$30,000 W-2 salary and takes \$250,000 in distributions; the second pays himself \$120,000 in W-2 salary and takes \$160,000 in distributions....
