I currently work as a teacher in education. We are looking at re-opening our family business and I am considering leaving education and pursuing self-employment. I will be paid and have my benefits up until the end of the current fiscal year (July 2022). What are you opinions on how I should proceed from a tax advisor standpoint? I am considering rolling whatever profits back into the business, or should I pay myself a wage? I know there are other questions that I probably dont know to ask at this time but what should I do from a personal standpoint? Thanks!
