Andy owned a small incorporated construction company with about 20 employees.  During the recession, he made loans to his corporation to cover payroll and expenses.  The problem was that he wanted to keep drawing his regular salary, so he lent the corporation enough to cover that as well.  Andy’s accountant knew he was doing this, but didn’t grasp the consequences and didn’t advise against it.  This was a costly disconnect.

The result was that Andy paid more in income taxes, and with his higher income, he also paid more in spousal support and child support than he should have been paying.

To make matters worse, Andy owned his commercial yard and leased it to his corporation (this is a common practice), but there were dozens of vacant properties around him due to the recession, so he should have reduced the rent he was paying to himself.  By keeping his rent constant, he ended up paying more in income taxes, more in spousal support, and more in child support.

Andy ran a successful construction company, but he didn’t realize how one part of his life could adversely affect another part of his life because nobody had ever tied the two parts together for him.

Although none of the above cases are testimonials or endorsements, they are true cases, and we give full disclosure here by stating here that any reference to the result of any past case does not constitute a guarantee, warranty, or prediction regarding the outcome of your own case.  Every matter is different.