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Family law santa clarita divorce tips for self employed

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divorce tips for self-employed people written by Robert Berchan santa clarita family law attorney

divorce tips for self-employed people written by Robert Berchan santa clarita family law attorney

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  • 1. Divorce Tips 4 Self-Employed By Robert Berchan, family lawyer Santa Clarita, CA (661) 295-4979
  • 2. Who really wants to think aboutdivorce when you are self-employed? But it happens Every day!
  • 3. Bummer, huh? God knows, you have enough on your mind just trying to make ends meet! But in a worst-case scenario, as the old saying goes: an ounce of prevention is worth of pound of cure! So here are 3 preventative tips!
  • 4. Tip #1: Hire a Bookkeeper Why hire a bookkeeper and send all incoming deposits of the business to the bookkeeper? Isn’t that expensive? In a worse-case scenario, your spouse may accuse you of “hiding” assets. But not so if your normal business practice is to wire all incoming deposits to the bookkeeper.
  • 5. Tip #2: Use “QuickBooks” & a CPA Why use Quickbooks software along with a CPA to do your taxes? You can back-up quickbooks so if there is a dispute, you will have your records. And if your normal practice is to let a professionale be in charge of the money, there is less chance of being accused of falsifying records or absconding with monies that are supposed to be shared by both spouses.
  • 6. Tip #3: Use Only 1 Bus. Account Why use one single business account where assets are deposited & avoid comingling personal assets with business assets? Too often people pay themselves extra out of their business funds by writing a check to themselves. Or by paying personal expenses with their business accounts. Resist this temptation and you’ll find yourself on more solid ground!
  • 7. YAY! Over!
  • 8. Not the Only Advice Take these tips with a grain of salt. These are just suggestions. I am not a “financial guru”. So take the time to read up on the subject of personal finance. For Family Law matters, please click this link: www.familylawsantaclarita.com www.familylawsantaclarita.com

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