Husband and I each have small businesses. I did about 20k of services for him and his client. Should he pay me/my company, or leave it in his? Married, filing jointly.

I did about 20k in design services for him and his client was charged about 30k. Normally he would have had to hire an outside contractor, but the service he needed is what I and my company do. So here is what I am wondering:

1. For things like getting a loan for a new house or a car, does it make sense to go ahead and pay me out so that I have 20k more income this year on my side of the books? My salary from my company is always much lower than his from his company because I am raising our two sons, so this would raise my income for this year significantly. Or does how much I make not even matter for a loan since we are filing jointly on taxes and whatnot?
2. I tax my LLC as an s-corp so I save 15 percent self-employment on pass-through income. His LLC is not taxed that way, so shouldn't I take that money and use (some of) it as pass-through to save the taxes? Or, because of the new tax laws on pass-though, does it even matter anymore?

Thanks for any help you can provide!!

Submitted July 02, 2018 at 09:04AM by Feed_Me_No_Lies https://ift.tt/2KqGTiz