She does exceed that in cost of goods sold actually, we have whole ass pallets of wood slices in the garage. She makes a $15k order alone every year for Christmas.
If it helps, we don't deduct anything for our vehicles. We technically could do miles or gas for travel to shows but it's relatively little.
There are still benefits to an LLC if you're alone. Suggesting that everyone is committing tax fraud is speculative at best. Fun fact, she actually was audited for 2017-2019 because of shit her ex husband did, and no tax fraud (on her part, he was definitely guilty and we successfully argued for Innocent Spouse Relief). You can also pay yourself dividends which are taxed at a lower rate, though the IRS checks this income to make sure you aren't using this stupidly.
Generally, you're protected with your assets, piercing the veil can only occur if there's egregious fraud and clearly no separation between yourself and the business. Just keep your business and personal accounts separate and you'll have the legal protections.
Edit: I went back and asked her and there's definitely tax benefits, she files as an s corp and it saves a bunch on taxes. It's more expensive to file so the income must be over like $70k-$80k to really make it worth it.
I would highly recommend asking an accountants advice, I assume there are similar services for when you file in the UK. Finding a CPA (Chartered Accountant in the UK) is huge, they'll generally charge more but they can represent you in the event you get audited (had to look it up and confirm it's the same for UK). Now if you get audited, they have a vested interest in protecting you. In the US they're often legally obligated to protect you (and themselves).
She gets income from two sources: as an employee ("normal" income), and as a business owner. There's something called an owner's draw, which essentially lets you take money from the business for personal use, and it gets taxed as personal income (i.e., normal job income taxes).
This is my loose understanding. We have a CPA for our stuff, and she sorted all this out before we even started dating.
Edit: you can also pay yourself dividends from the business, but this is considered supplemental income and can't be a majority. These dividends are taxed at a lower rate than your income.
I keep staring and still have no idea what it's trying to tell me
It's pretty common to form an LLC for your own, self run business even at one person. The business makes all the money, you pay your "employee" (you) a small amount and you save on taxes. Wife does this, her employee paycheck is like $25k/year.
If you ever have a friend who's not doing this, tell them to get a good accountant lol
Durak is top tier, Kharjo is the best. I don't know half of these but generally great list lol
Brock Turner? The rapist who tried to change his name to Allen Turner to avoid recognition? That Brock Allen Turner the rapist?
Yeah turns out I'm dumb
I thought he graduated from the University of Pennsylvania?
Edit: I'm a moron and it's literally an Ivy League school. TIL
I find this weird that the judge would say they should've been told they can improve their offer, because in a bid process you generally will give a BAFO. If your bid wasn't the highest, there's no "further negotiations". The trustee specifically chose a model where there wouldn't be back and forth (which may or not have been best, I'm not sure).
And this doesn't raise red flags? Why would someone IN HIDING keep basically everything on his person that would be quality evidence. Not even stuffed in a closet at his house, literally a manifesto in his pocket.
My own crazy conspiracy: he actually did it and got away with it, he was found using facial recognition software and not by a tip from a McD employee (no reward ever paid out). Someone planted all the incriminating evidence on his person. Why keep a partially 3D printed gun that's already untraceable. You can even melt down the plastic parts.
McDonald's has security cameras, has anyone seen footage of him at one in Pennsylvania on that date/time? (real question bc I haven't, but maybe it exists?) I used to think they just found someone who looks like the infamous 140p image, but Luigi had a lot of other social media posts, affiliations, etc that make me hesitant to believe it's a totally different guy.