One Business, Two Incomes: Business Owner Income for Child and Spousal Support in California
If you own a business in California, you effectively have two incomes. The first is the one on your tax return, i.e. the number your CPA submits to the IRS. The second is the one a family court sees when it calculates child or spousal support, and this number is often meaningfully higher.
Spousal Support in California: a Primer
Spousal support, also known as alimony, plays a significant role in divorce cases. Understanding how spousal support works in California is crucial for both both spouses. This blog aims to shed light on some of the key factors that influence spousal support awards in California.