Hip With the Kids
This iconic reality show host is not a drag queen, but rather the queen of drag
Who is Ru Paul?
You send these forms out to contractors at the end of the year
What is a 1099-NEC?
This iconic American actor won an Oscar for his portrayal of a gay lawyer suing for discrimination in the early 90's
Who is Tom Hanks?
Hiring Mike Joseph for his business coaching brilliance
Professional Fees - coaching
The death of this gorilla caused the collapse of Western Civilization
Who was Harambe?
For single filing households in 2024, it reduced your income subject to federal taxes by $14,600.
What is a standard deduction?
This James Bond actor added a second queer character to his filmography with 2024's Queer
Who is Daniel Craig?
(The first being Benoit Blanc of Knives Out)
Kevin is an old boomer who runs payroll by hand. He pays his employees biweekly, but files payroll taxes quarterly. This is where employee withholdings go after every paycheck
What is Payroll Tax Liability?
Kris loves to get up in the morning and make coffee, but he keeps Monster Energy in his fridge for those early morning BNI meetings
Yes! Similar to how offices keep a coffee bar stocked
While this actor won an Oscar for his portrayal of a trans woman in 2013, he's since said starring in the movie was mistake
Who is Eddie Redmayne?
(He questions whether him as a cis man was the best casting choice)
Deirdre's car got broken into, so Brendan offered to buy her a new one on the company dime so long as she only uses it for business. They paid cash for a 1998 green Subaru Outback.
1998 Subaru - Asset
Ben Affleck is to 'Batfleck' as Robert Pattinson is to...
What is Robert Battinson?
OR
Who is Rob-Bat Batin Bat?
Benny does not have a business vehicle, but he does a lot of driving for work, so he's been putting gas on his business credit card after a biz trip
No. Instead, he should be tracking his mileage at $0.67/mile and them reimbursing himself.
(this gives you a bigger tax break at the end of the year)
Jon's Junk is an antique shop. Jon bought a set of antique china from a house Beth was selling. He gave her $300 for it.
Inventory - asset
This upcoming Michael Bay movie is based off of a web series by Russian animator Alexy Gerasimov.
What is Skibidi Toilet?
No, but if he loans the money from himself to the business with interest, that interest is a business expense. He would also need to send himself a 1099-INT at the end of the year.
This British actor responded "I had nothing better to do," when asked if he feared staring in 1987's Maurice would be a risk to his career.
Who is Hugh Grant?
Laura's Flowershop is an s-corp. Every time she runs payroll for herself she also transfers $500 from her business to personal checking
Member's Draw
(Excess profit above what is 'reasonable salary' is taken as member's draw)