Financially Simple

In episode 157 of Financially Simple, Justin looks at the possible gains and pitfalls that can be had when a spouse receives a bonus from their employer. Receiving a money bonus for your work is great! But, what if it's your significant other that receives it? How will that extra income affect your business and personal finances? Justin goes over this particular scenario and gives advice on how to best handle it. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  RELATED ARTICLE: BLOG: Tax Issues (and Solutions) When Your Spouse Receives a Bonus   TIME INDEX: 01:48 - A Business Owner's Employed Spouse Receives a Bonus: How Should We Deal With It? 03:29 - Possible Problems 04:31 - What You Could Do 04:58 - Consult Your T-Chart 05:17 - Reduce Your Own Income to Increase Your Business's Profits 07:00 - Tax Considerations 07:42 - 6 Considerations 08:23 - Solidify Your Emergency Fund 09:34 - Defer the Bonus into Your Spouse's Retirement Account 11:15 - Pay Off U