As a business owner, paying yourself isn’t as simple as cutting a check. In this episode, Hoss breaks down the smartest ways to structure your compensation—whether you're a sole proprietor, LLC, S-Corp, or C-Corp. Learn the difference between salary, owner’s draw, and distributions, and how to avoid the tax and cash flow pitfalls that catch entrepreneurs off guard. Whether you're just getting started or trying to clean up your books, this episode will help you pay yourself the right way. Oh man

In this episode, Nima breaks down one of the most important financial decisions every business owner must make: cash-based vs. accrual-based accounting. Whether you’re just starting out or scaling up, understanding the difference can save you time, stress, and money.

Nima explains:

• The core differences between cash and accrual methods

• Which businesses benefit from each approach

• How to avoid costly IRS mistakes

• Real-world examples to help you choose the right method

This is a must-listen for entrepreneurs, freelancers, and growing companies looking to get their books in order and plan for long-term success.

Alamir CPA & Associates Website: https://www.alamircpas.com

Contact us: Helpdesk@alamircpas.com

Visit us: 23801 Calabasas Road, Suite 2004

Calabasas, CA 91302

818-721-8078

Thinking of expanding your business? Hoss shares why testing your concept first is the smartest move. Don’t invest in growth until you know your business model actually works. This advice is crucial for local entrepreneurs in Southern California looking to scale with confidence.