Hi Steve,
Thanks for the information. I will PM you once I return from vacation this week and speak with my CPA about some of the things brought up in this thread. Especially regarding the quote below.
However, this is not really much of an issue unless you have taxable income from it over $50K.
I am currently the only employee of the business, but I’d like to know if converting my staff to employees would be of any tax benefit or not.