Amateurs!
My ATF is on my books as an independent contractor who does my accounting and books. Not only does it save me 15.3% in self employment tax, her tax bracket is 10% vs. mine. Her reported income is $62,400., and I pay her tax bill but it saves me about 40%.
Good News - she gets the Trump check.
Great News - we just filed with the bank her own PPP loan application. This is the 2.2T stimulus that will forgive the loan if used to retain employees or for self employed individuals.
Her application is for $13,000.
Bad News - How much do you think she will give back to me as her employer? Hahahahah
I already know the answer