AboutJay Allen Finn, CPA Expertise IRS Audits. All Collection Tax problems; specifically but not limited to, delinquent returns, bank levies, liens, garnishments of wages, Also specializing in Offer in Compromise. Limited to 1040/ personal tax issues
Experience 27 years experience as a CPA in the IRS defense area following a position as an IRS Auditor in the oil and gas industries.
Organizations Texas Society of Certified Public Accountants (Peer Assistance Committee), Houston Chapter of the Texas Society.
Publications Submit your articles.com
Education/Credentials BBA - Bachelors of Business Admin., Magna cum laude, Series 6 and 68 - Registered representative, Series 65 - Financial planner. Certified Public Accountant
Question We have a Sub S corp and a nanny that takes care of our children, errands for the business, and administrative work as well for the business. Is it ok to pay her through the company payroll, she also watches some of the employees children at no charge sometimes because she is on company payroll. She has all the benefits as the company employees. Or would this be a personal expense.
Answer If possible, you should separate business expenses and personal expenses. The time that she is running errands and doing administrative work is definitely alight to be paid from the company payroll. The time that she is watching your children should be considered a personal expense and not paid by the company.
