Echoes Of Impact ( Aired 08-05-25) Leadership, Kindness and Smart Tax Planning with Noura and Julie

[00:00:00] Speaker A: Sam. [00:00:32] Speaker B: Welcome to Echoes of Impact with Noora, the show where we dive deep into the stories, challenges and breakthrough breakthrough of those who are creating real lasting change in the world. I am your host, Noor El Masri. Welcome to the new episode today. Today my guest is the powerhouse of operational excellence and hurtful leadership. Julie. Justin Gordon is a seasoned technology executive and proud US army veterans with over 35 years of experience leading IT operations, program management and service delivery. She's not just a tech leader which is like we want more women in tech leadership. She's a mom. She is a wife and she takes care of her elderly mom. Julie is a proof of that strategy. Strength and kindness can coexist in a leadership and she's here today to talk about what it means to her. Kindness. We're going to talk about really a new concept of kindness. But first let's welcome my friend, Julie. Julie, welcome to Echoes of Impact. I'm really excited to have you here today. [00:01:58] Speaker A: Thank you. Hi Nora. I'm so happy to be here. [00:02:01] Speaker B: Thank you. Thank you so much. Can you, I introduce you like as much as I can. I know you deserve a better introduction but I would like you to also introduce yourself to the, to the audience. How would you like to be known and who is Julie? [00:02:16] Speaker A: Well, I tell you I could go through my career and I'm proud of my career. I'm an army veteran and of 10 years. I've been in the government for over 30 years, which includes my military time. I've been a leader in every role that I've fallen into in my career and I'm happy about that and I'm proud of that. I'm most proud of the fact that I am a mother of five. I have four daughters and a son. I have an awesome husband and I manage a 79 year old mom and she, yeah, she's very vibrant. So she takes managing. So I say that's, that's my biggest thing. I'm an entrepreneur. I've owned a small business for 10 years now and it is a technology business. We're on the forefront of the AI bang. So that's, that's Julie. [00:03:16] Speaker B: Wow. I know your, your hands are full. Like you have like multiple businesses and you have this great Project Kindness campaign. Can you tell us a little bit about the Kindness campaign? What does it mean? What are you trying to achieve from the Kindness campaign? [00:03:32] Speaker A: I will and I'll go down a quick story. You know, I'm, I'm a South Georgia girl. I'm from the country. I was raised With a matriarch of a mother that was just running the family. Not just our intermediate family, but our entire family. She's getting children out into the world, preparing them to be good citizens, supporting her husband in the workplace. And I was raised seeing that strength in women. Then I left home at 17. I went into the military, and I had the drill sergeants that was training me and teaching me and getting things done. And just like my mom and the matriarchs of my family, I saw everybody rule with the iron fist, you know, and sometimes that wasn't so kind. And then when I got out of the military and I got out into civilian life, I recognized too, people were getting things done with an iron fist. But when I look back, I realized that most of my success was by influencing people and influencing things to get done. And kindness was that foundation. When I was a kid, I got anything that I wanted because I was kind. And when I went into the military, I became a young sergeant. So I had to influence people from all walks of life to accomplish what I needed them to accomplish. And I did that with kindness. And again, when I entered into that last phase of civilian world, of my career, I got things done and I had accomplishments. And when I analyzed that, it was from being kind. So, yeah, so that's how we landed here. And I kept thinking, what can I do with this? Because so seldom do we get to chase things that are a hard thing. You know, mostly we're chasing a career where our training or our schooling has taken us. But just being kind is something that's in my heart. And I said, you know what? This is more than a sentiment. This is actually a principle. This is a foundation that we can rule the world globally with this foundation. And with this principle. That's how kindness as an infrastructure was born. [00:05:55] Speaker B: Wow. Wow. So this is amazing. And when we think of kindness, we don't think it this way. Like, with your mind. So can you tell us more? Like, how do you. You said you were affect. You are getting things done by influencing people. So how do you influence people? Because maybe, like, some people will interpret this in a different way. So we want to make sure. Like, we want to drive the point home and say exactly. Like, maybe give us an example or just explain it a little bit more. Like, how. How would that happen? [00:06:33] Speaker A: So I have a great example. I actually worked on a project when satellite radio first came out and XM radio and other coming out with that technology. And my role was to actually get the repeaters put on the towers on the East Coast. So I had to have people working around the clock because time was of the essence. And I just remember it was an Easter Sunday and everybody wants to be with their families on Easter and I needed drawings to go out and hit the road on Monday. So I remember all along I'm always kind to my staff. I'm always concerned and empathetic about what was going on in their lives, not just what was happening in the office. And when that came, I had already made up in my mind, I am going to work this weekend and get these drawings out and tell my staff, I dare them to come in. They need to be with their families. So we left on Friday with that agreement and I came into the office on Saturday and all my staff was there. [00:07:42] Speaker B: Oh, wow. [00:07:43] Speaker A: Just from their appreciation of how I treat them every day. So I always draw back to that and I think that is a great example. [00:07:53] Speaker B: Yeah, it is indeed a great example. So you decided to do this campaign and implement kindness as an infrastructure. What are you trying to do with this campaign and how does it look like? Is it a nonprofit? Is it just a social media campaign? Are you going to do training with this? What is it exactly? [00:08:14] Speaker A: So this is a campaign to actually implode globally. I want organizations to actually see where they can bring in the principles of kindness. We've developed pillars, we've developed methodologies, and we've developed policies on how companies can actually bring in the concept of kindness in all of their processes. We're not just a social media or trendy thing. We're going to train leaders on how to communicate according to the principles and the foundation of kindness as an infrastructure. We're going to go about and do talks and seminars and sessions on and get real life instances of what people are experiencing and problems that they're having and help them see how if you just implement these core elements of kindness, write them in your processes, let's measure and see does what the return on investment is once you implement this infrastructure. And we want to go worldwide because we want to change cultures, we want to change operational cultures, organizational cultures and community cultures. And we want to base everything on kindness. [00:09:49] Speaker B: Love that. So how do you. Who do you think your best? Not your best. Like the people you are targeting. Like you're first you in your mind, okay, I need to target these people first in order to create the bigger impact. [00:10:05] Speaker A: Well, I will tell you because I'm used to a challenge. I want to go into organizations and industries that present challenges with everyday operations, health care areas, they're fast paced. They're normally faced with things that are not routine. I want to go into educational environments where there's all different walks of life that's walking through the door. The federal government has rules and regulations that you must abide by. So a lot of times that put pressure on the leaders in the organizations. Every industry, Kindness as an infrastructure, cross industries. We can embed these principles and foundational on policies in every industry. [00:10:58] Speaker B: Awesome. Awesome. So how can people reach out to you to maybe like ask you to speak about kindness in their conferences or train their staff or their leadership team? [00:11:11] Speaker A: Absolutely. Our organization is Empathic Global Business Solutions. So I can be reached at Info and at Empathic Global AI and also you can reach me at the number that you see there on the screen. I am Julie justina@EGBS AI. I look forward to talking to anyone about this. I'm so excited and I want to see the world change based on kindness. [00:11:49] Speaker B: Awesome. Thank you so much Julie. So do you have the number again? Like can we say the number if you don't mind because some people are are hearing us in a broadcast on our radio as well. Like so can we repeat the contact information if you don't mind? [00:12:04] Speaker A: Absolutely. So that number and I'm going to say the the name in there so you can reach us at 84465 empath E M P A T H. Awesome. [00:12:20] Speaker B: Awesome. Thank you so much Julie. It has been a pleasure talking to you today and I can't wait for you to come back to Echoes of Impact and talk more about kindness and the infrastructure that you're trying to create. I can't wait to have you. Thank you so much for joining me today. This is your host, Noora Al Masri and this is Echoes of Impact with Noora. Be right back. [00:13:10] Speaker A: Foreign. [00:13:17] Speaker B: If you are loving what you're watching, don't miss a moment of Echoes of Impact or any of your favorite NOW Media TV shows. Live or on demand, anytime anywhere. Download the free Now Media TV app on Ruko or iOS and enjoy instant access to our full lineup of bilingual programming in both English and Spanish. If you prefer to listen on the go, catch the episode the podcast version of the show right on NOW Media TV website at www. Now Media tv. From business and breaking news to lifestyle, culture and everything in between, now media TV is streaming 247 ready whenever you are. So let me talk to you about the very vital thing about affecting every one of you, affecting your life, affecting your neighbor's life, affecting everyone around you, whether you are a business owner Whether you are just any, you know, any, anyone like you have a non profit, a business owner working as an employee, anything you do this things affect it. What is it? I. I know you got it, taxes. So I want you to just stop, stop blocking this world and try to understand it and try to be friend with it. Plan to utilize it, plan to really utilize whatever it is that tax law is trying to do. Tax law, as are done by people like you and me who are trying to enforce some actions from the people. What is the government trying to do? They're trying to encourage business owners or small businesses, like they want to see more people have businesses. This is what, this is why when it comes to taxes, there's a lot of advantages for business owners. If you know how to take advantage of that, how to use it. If you have someone on your side that knows how to read the tax law, knows how to make sure that the tax law is on your favor. Like how to utilize it, how to take advantage of it. For example, if you want to take home office deduction, a lot of people take home office deduction. Of course, if you are a business owner and working from home, they take it randomly. They don't really plan for it. Meaning they might be using a place in their home and they take that deduction, but then they do not follow all the rules for that. Maybe they have something that's going to make them lose that deduction if they were to get audited. This is when a business tax plan or a tax plan in general will be there for you. When you have an tax advisor on your side advocating for you, guiding you on how to make sure if you are audited not to ever lose this deduction. Because you know what happens when you lose a deduction if you got audited, you will have to pay back those taxes plus penalties, plus interest. And oh, why did you take that deduction in the first place? Right? So I don't want you to get there, I don't want you to lose, to lose those deductions. I want you to make sure you're taking advantage of every single deduction. So today we are already August 5th. As we are recording today, I probably will. We are still in August by the time this episode will go out. And since we are in August, there's few things happening in September around taxes. If you did not file your taxes back on in March and April, you probably did an extension. And for those of you who are wondering, there is no tax day in March. Yes there is. For those of you business Owners who have an, who has, sorry, multi member, llc, partnership or S Corp. All of you guys have to file your tax returns by March 15th of every year. Because you need to have those K1s that this is the result, this is the W2 of the business owners that you get that and you file your personal tax returns which is due on April 15th. So if you had that March 15th deadline then and you made an extension, then you get six month extension, which means your next deadline is September 15th. So if you haven't filed your S Corp or partnership tax return, and when I say partnership, I mean partnership or multi member llc. Both considered partnerships. So you and you file the same form. So you have to file by September 15th. No, there is no further extension. So if you're not ready, you're going to get penalized because simply there's no further extension. They're not going to allow any other extension. So the penalty for that is really, really high. You know, how much is it? It's 220 per month per partner or 220 per month per shareholder. And I know accountants and attorneys will understand what I mean. Like partner or shareholders. You don't have to worry about it today, I'll tell you about it more in another day, okay? But now what you have to worry about is the penalty is the same whether it's an escort, whether It's a partnership, 220 per month per partner. So if you are solo, you don't have a partner. So that's it, 220 per month. If you have one partner, so you are two, then it's 440 per month. If you have three partners, like so three of you, then what it is, 660 and so on. So you keep adding 220 per partner and then multiply it for how many months are you late? And this penalty, they're not gonna, they're not gonna forget it. Then they will make sure they will send you doubts. And guess what? Guess what? You're gonna have to be. Especially if this is not your first time. They might, they might allow you to avoid the first time, but you cannot avoid this over and over. So if you already were forgiven for one, they're not gonna forgive you again. You will have to pay it. And our goal is really to make you pay the less amount of taxes, only the your fair share of taxes, not more than that. And if you're not ready, unfortunately now you're paying not only taxes, not your fair share. Plus maybe if you are, it depends on who you are using to do your taxes or if you're doing it alone, maybe you're paying extra just because you're not doing it the right way. Plus the penalties. Who wants to do that? What can you do with this money that now you will have to pay for penalties? What can you do with that? Tell me. I'm sure you can probably, you could probably pay yourself maybe because some of you do not pay themselves. Maybe you could invest in marketing. Maybe you could invest in anything, I don't know like you tell me your business. Maybe you can purchase a new equipment, maybe you can pay for ads so you can get more leads, more clients. You can do tons of things as a business owners. But if you are not doing this right, if you are not doing your taxes on time, then you will be doing paying this penalty. Now I hope that you guys who are listening to me, you did not wait for the extension and you already filed back on March 15th or maybe later. But you know, but you filed by now because this is the time we plan or we plan all year round. But if you haven't done the planning yet, you want to start now. You plan, you architect your tax bill for next year which is for 2025 for this year but when we do it next year. So this is the time to architect that bill and I can help you architect that legally, legally will avoid the taxes that you do not have to pay because we know the tax law that I'm enrolled agent and this is what I know. I'm studying tax law all day long every day. I have experience with so many clients. I talk to to tax attorneys, I talk to other tax professionals. I, I gig out on the IRS website and all these workshops and learning to make sure I'm up to date with the strategies to make sure I can help you best. So don't delay. If you did not file your taxes yet, go ahead and file them and you can simply connect with me at norrisbooks.com contacts or call my office at 3127-4119-7831-2471. Oh 741. Sorry, sorry. 7411978. So simply call the office or book a [email protected] contact and I'll be happy to help you either with filing your taxes or maybe to start your tax plan so we can make sure we know how much exactly you're going to get for your taxes. This is your host, Noor Al Masri and this is Echoes of Impact with Noora. We'll Be right back. [00:25:11] Speaker A: FOREIGN. [00:25:22] Speaker B: Welcome back. This is your host, Noora Masri. And this is Echoes of Impact with Noora. Yeah, bear with me today. I'm going to be talking a lot about taxes because I am really passionate about taxes. I'm really passionate about saving you taxes, making sure that you never overpay on taxes. And you know what, A lot of people, more than 90% of people overpaying their taxes that, you know, even the studies, I, I forgot the percentage, but the studies, like a lot of studies that say how many people get refunds? More than 60% of people get refunds because more, a lot more, probably. I'm, I'm, don't quote me on this. I didn't look up the number recently, but a lot of people technically overpay in taxes. They get a refund. And I'm not talking about those who get the refund now. I'm talking about those who do not get a refund probably, but they still overpay on taxes. They might pay taxes, but they shouldn't have to pay taxes when they do their tax returns. Now I've seen people who pay estimated taxes all year long, all, all year long. But at the end of the year, they get all that back and they get a lot of money just because they overbaid and estimated taxes. I see people, they get a lot of money back because they have a lot of withholding. But let me tell you a fun fact, not so fun. That is a lot of you guys overpaying taxes even when you get a large refund, because simply you're not planning. And when I say tax planning, a lot of people think, oh, yeah, I gather all the documentation. I'm doing my bookkeeping. I have all my paper. I give it to my, my, my tax, my tax accountant and she does my taxes. So I plan for taxes. Well, this is not the planning. This is not the planning I want you to do. This is organizing. This is being ready. But what I'm talking about is optimizing your tax position. That's what we're looking for. And this is you need a tax accountant who architects that plan for you, who helps you plan for that, who helps you decide how much in taxes you are you willing to pay legally and using the law that is written for you to utilize. But you, because you don't know the law, because you don't have someone who knows the law that helps you, you have no idea what to do. Because when you search for a tax professional, you don't care about who is that person you care about how much they are going to charge you and you don't consider that at the end of the day you're going to pay so much, not in the preparation, but because you paid a bigger bill. Maybe you did not get a refund that you are entitled to. Maybe you did not get a credit that you could have benefited from just because you did not have the right tax professional on your side. And also you did not probably utilize a service they offer, which is tax planning. And this can be very wide and different. Different accountant offer a different way. I'll tell you like in the last two years I tried different way in tax planning until I landed to the best way to do the tax planning. Now I might, that might improve, I might change things later on because this is what happens in business. We evolve, when we learn, we evolve. But let me tell you, with the current method that we are using to do the tax plan for our clients, we're saving hundreds of thousands of dollars to our clients. So when we talk about tax planning, a lot of people think about financial planners. A lot of people think about pre tax accounts like 401k Roth IRA which is the tax free growth or maybe HSA for the medical CISA or 5219 for education and so on. Cash plans, all of these things. So many projects. So this is what most people think. And also a lot of financial planners think they do tax planning. So they do, don't get me wrong, they do tax planning, but only tiny bit of tax planning that is related to the products for the tax plan to save you in taxes or to have a tax growth or money growth account or tax free account. So that's part of it. And when we do the tax plan we recommend some of these accounts and what we do, we refer the client to a financial planner that we think is the best fit for them. We are in contact with so many tax or financial planners and based on the client's needs, we refer them to those financial planners. Sometimes we give them like several options and let them decide. Now this is one portion of tax plans. There's five other ways to tax plan when we want to use them all together for you to get the best result. So the other strategy which, or, or it includes a lot of strategies but other ways is income shifting. An example, a very common example is really hiring your minor kids. So that's a common example, but this is not the only way. And for that a lot of people thinking just to bathe their kids and hire them, that is that Is it? And they're done. They don't recognize that there's so much requirement for that. Like a lot of record keeping, a lot of requirements, a certain way to bathe the kids and so on. So on. The other, the other way or the others set of strategies is analysis. We analyze every move that you do to see which way or which action will save you most of and this is not as simple as you go to your accountant and asking should I do this or that? That's not going to be it because that's going to maybe not be the right answer if they give you the immediate answer. It takes analysis, it takes thinking, it takes to know the full picture and so on. Okay, number four is optimizing deductions. How do you optimize deductions? Like I said an example earlier in this episode, for example, home office deduction. We want to make sure you never lose this deduction if you ever get audited. So we make sure we are strategic on how we are taking this home deduction. We want to make sure we are strategic on intentionally make sure you are able to take other deductions. And if you're not doing this prior to December 31st of the year, any year, you're not going to be able to optimize that deduction. Number what, 2, 3, 4? Number 5 now so number 5 is entity structuring. And I'm not going to be able to dig deep or go dive deep in this strategies, but as simple as that. I know you guys, most of you have escort. Escort. Even if you have multiple, multiple companies or multiple businesses, you might have them all as S Corp who told you so? Well if you are using online service they have that check escort check. So you're checking because you heard someone in TikTok who have no idea about taxes, no idea about about how you really should save in taxes. Tell you escort, you save n you save in self employment taxes. Oh yeah, because they call it something else. When you get to escort, they don't tell you you cannot. What cannot you do or what can you do? I'm going to keep talking about escort in the last and after the break I'm gonna go deeper on the Escort vs LLC. So stay with me if you want to hear more. So what we do in the tax plan, we analyze which one is going to be best for you. Lastly is the credits. There's a lot of credits that you can benefit from on the personal side or in the business side. And I want you to think if you do get paid other than the W2, maybe freelancing, maybe like you just do some some work like here and there and you get paid for. Even if you do not have a business registered, you are considered the business owner and you might be qualified for a lot of these deductions or credits or end credits. So don't assume that you are not a business owners if you are not. If you do not have your business registered, if you're getting paid outside of your W2, you might be a business owner and there's so many credits that you might be eligible for. And if you're not eligible for, we might find a way for you to be eligible if you do certain activities in your business. Because why do you think the credits are available? Simply because the government want to encourage some activities. They want you to do something. So and the reason why you are not doing them because you're not sure, you don't know about them. You don't know this is exist, this does exist. Maybe you want to do it, but you're seeing thinking this is not the right time. But if you learned about the credits and when we talk we'll let you know like this is a credit available to you, then maybe this is an encouragement to you and motivation for you to start that project or that research or so make sure you talk to a tax professional who are caring really about your return and investment and about the result that you're gonna, you're gonna get. So you're never overpay on taxes ever. This is your host, Noora Al Masri. And this is Echoes of Impact. With Noora, I'll be talking more about S Corp versus llc. Why? What are the difference? When should you be an S Corp? When shouldn't you be an S Corp? And what's the requirement to be an S Corp? So you can make the right decision. But let me tell you, I don't want you to take this advice because this is not an advice for you. This is just for information. And if you want an advice for you, connect with [email protected] contact. We'll be right back. Welcome back to Echoes of Impact. Loving what you're watching. Don't miss a moment of Echoes of Impact or any of our favorite or any of your favorite NOW Media TV shows, live or on demand, anytime, anywhere. Download the free Now Media TV app on Ruko or iOS and enjoy instant access to our full lineup of bilingual programming in both English and Spanish. If you prefer to listen on the go catch the podcast version of the show right on The Now Media TV website www.nowmedia.tv from business and breaking news to lifestyle, culture and everything in between. Now Media TV is streaming 247 ready whenever you are. Alright guys, as I promised, I'm going to talk about why S Corp, Why llc? What's the difference? What is there to replace the self employment taxes that you're trying to avoid? That's why you go and register an S Corp. Don't do that. This is their own reason to do an S Corp. Let me first tell you what is an escort. Technically if you go to the IRS website there is nothing says an escort. So you cannot technically go and register an escort. S Corp is an election, a tax election. Technically you elect to be taxed as a corporation. So you're telling the irs, hey irs, tax me as an S corporation. And you could be an LLC or a corporation which is a C Corp, that's the common name for it. So either one, you could elect to act as an S Corp or to be taxed as an S Corp. And there's so many conditions for you to be an S Corp or not. Like so a lot of conditions. So for example you cannot have more than 100 shareholder shareholder and an S corp and you cannot have a foreign person in the S Corp. So if you're not a US person, you cannot be an S Corp. You cannot have any shareholder that is not a U.S. person. So this is some conditions and there's more stuff involved. Now why do people elect to be an escort or to be taxed as an escort? One of the reason, yes, they don't want to be pay self self employment taxes. But that's the wrong reason. Now other reason, they want to get more deductions so they can pay on taxes. How do they get more deduction? So let me tell you some requirements to be some requirements. If you elected to be an S Corp, what are you expected to do? So what does the IRS expect you to do if you are an S Corp? First, first thing you have to be on a salary in order to receive a penny from your S Corp. So for example, if you are an operator in your business or doing any service for your business and your business, so you are getting paid from your business, you cannot get paid until you get a reasonable salary. Repeat after me, reasonable salary. What does reasonable salary mean? Reasonable salary mean that if you were to hire someone else, do exactly what you're doing, giving the size of your company, this is how much you would pay them. So how much you would pay them, that's how much you should get paid. And how do you get paid? No, not writing a check for yourself. No, not transferring money to yourself. You get a W2, you run barrel for yourself. How do you get that? The easiest way to do it is really to use apparel, to use the barrel. Vendor Gusto, QuickBooks, whatever you prefer. I have some reservation on some of the vendors, but I'm not gonna say anything here because it's also a personal preference. So I'm not gonna say anything about them. All of them, like, has a pros and cons. But the, the thing is, I really want you to use a vendor. [00:43:15] Speaker A: Now. [00:43:15] Speaker B: It's going to be tough to run it yourself. You're gonna waste time. Technically, it's too complicated for you to run. The best thing to do is to have the accountant who does your bookkeeping run your payroll as well, manage it for you. Because it's not just the payroll. So it's a payroll withholding. So you're withholding the taxes, filing the payroll taxes, paying those payroll taxes every single month, twice, sometimes once. It depends on your structure and everything else, a lot of other factors. But the easiest way to do it to be in compliance on your state and in federal level is really to have this service provided for you. So this is the first requirement. And most people don't do this. And when you don't do this, you cannot take any money from your company. And this is the problem. And because if you take money from your company, then now you are risking getting penalized from the irs. You are triggering audits, you are triggering so many things you don't want to see. So why don't you do things right from the first time? Why don't you have yourself as an employee on your company? You pay yourself from your company. Why don't you? And believe me, you think you cannot afford to pay yourself. Wrong. How are you living? You're utilizing, you're using your company credit card, you're commingling expenses. You're doing so many things, but at the end of the day, you're getting baked. So why not having a bit have a paycheck. Believe me, it feels so good. It feels so good to be. To get a paycheck. And then let me tell you another advantage of that. If you were to ask, or you go to ask for a loan, maybe you want a mortgage because you want to buy a house and so on, anything. Like you want to ask for money. Now you have a paycheck, you have a W2 to show income, because guess what? Most business Owners are not able to take loans. Why? Because they don't show income. But if you have a W2, which is required, if you are an S corp, then now you don't have this problem anymore. You're a normal person again. I know. Because guys, we are not normal because we are business owners and we, some of us are serial entrepreneur. They, we want to just start this company and this business and we are, we, we want to make impact in this, but we end up forgetting ourselves and forgetting compliance. So that's why I'm telling you, go ahead and make sure you are in compliance. You are on a payroll or maybe you shouldn't be an escort. The, the simplest way to do business is really having an LLC or sole proprietor. But this is not a business according to the irs. Well, it's a business, but not a business, if you know what I mean. So that means you're going to file your taxes on your personal return on a schedule C, that is the profit and loss and your tax return. So you don't have to worry about putting yourself on a salary. You can simply just withdraw money from your business, transfer money, sell money. As long as you're keeping track, as long as you have bookkeeping, you're fine. Yeah, you're going to pay payroll taxes. Not payroll taxes, sorry, self employment taxes. But if you don't want to follow the rules of the S corp, that's the safest way to do it. So guys, make sure you do it right. Make sure you don't have 2, 3, 4, 5 escort. Because now you're going to have to file those returns. Like if you have 4s corps, you're going to have to file 4 business returns plus your return. So you have 5 business returns to file at the end of the year. So don't make it an S corp unless it should be an S Corp. This is your host, Noor Al Masri. And let me tell you, I can help you. I can help you with the structure, I can help you with a lot of things. If you can connect with [email protected] contact again, it's norasbooks.com it's n o u R A S B o o k s.com contacts. You can book a call on the Zoom so you can talk to me, or you can simply call my office at 3127-4119-7831-2741,1978. And I can help you with your needs, taxes, tax planning, your structure, like a business structure, your personal returns, your non profit returns. Anything that you need in tax and accounting, I'm happy to help you. This is your host, Noor Al Masri. And this is Echoes of Impact with Noora. Until next time, keep making an impact.