My brother started his own small business and I run the accounting with small equity ownership. Consistently put in 5-20 hours a week on top of my normal job for 3 years. Secured investor fundraising and now finally getting paid a salary of 15k a year on top of my current job. Equity distributions once profitable. 2nd income stream secured. Yesssssss

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Posting as :
works at
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Get that sweat equity. Hopefully you’ll remain cleared for independence too.

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Assuming you’re a CPA but there are some excellent business deductions and retirement savings levers to pull as an owner...

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Company is incurring losses too. Full on j curve. Confident we will be on the upswing in a year. Loving it!

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Sweet. Was EY ok with you providing accounting service?

I disclosed through independence. Didn’t have any issues. I wasn’t getting paid at the time, immaterial to net worth, and being a part owner we’re all factors. I wasn’t “hired” to do so

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