divorce tips for self-employed people written by Robert Berchan santa clarita family law attorney

1. Divorce Tips 4 Self-Employed
By Robert Berchan, family lawyer
Santa Clarita, CA (661)
295-4979

2. Who really wants to think about
divorce when you are self-
employed?
 But it
 happens
 Every
 day!

3. Bummer, huh?
 God knows, you have enough on your
mind just trying to make ends meet!
 But in a worst-case scenario, as the
old saying goes: an ounce of
prevention is worth of pound of cure!
 So here are 3 preventative tips!

4. Tip #1: Hire a Bookkeeper
 Why hire a bookkeeper and send all
incoming deposits of the business to
the bookkeeper?
 Isn’t that expensive?
 In a worse-case scenario, your
spouse may accuse you of “hiding”
assets. But not so if your normal
business practice is to wire all
incoming deposits to the bookkeeper.

5. Tip #2: Use “QuickBooks” & a CPA
 Why use Quickbooks software along with a
CPA to do your taxes?
 You can back-up quickbooks so if there is a
dispute, you will have your records.
 And if your normal practice is to let a
professionale be in charge of the money,
there is less chance of being accused of
falsifying records or absconding with
monies that are supposed to be shared by
both spouses.

7. Tip #3: Use Only 1 Bus. Account
 Why use one single business account where
assets are deposited & avoid comingling
personal assets with business assets?
 Too often people pay themselves extra out
of their business funds by writing a check
to themselves. Or by paying personal
expenses with their business accounts.
Resist this temptation and you’ll find
yourself on more solid ground!

8. YAY!
 Over!

9. Not the Only Advice

 Take these tips with a grain of salt.
These are just suggestions. I am not
a “financial guru”.

 So take the time to read up on the
subject of personal finance.

 For Family Law matters, please click
this link:
www.familylawsantaclarita.com
www.familylawsantaclarita.com