Ryan & Lisetty - Production & Contact Info (original) (raw)

Lisetty calls in Gail to deal with her husband of three years, Ryan. What concerns Lisetty, now more than ever, is that Ryan, who works as an independent contractor (i.e. he pedals his business to client companies), has never understood ...See moreLisetty calls in Gail to deal with her husband of three years, Ryan. What concerns Lisetty, now more than ever, is that Ryan, who works as an independent contractor (i.e. he pedals his business to client companies), has never understood the complexities of tax laws affecting small business owners like himself, which has dug him into an income tax hole - with another tax year end approaching - with their first baby on its way. On top of the tax debt, Ryan spends based on his revenue (on average 90,000ayear)insteadofaccountingforexpenses,includingtherelativelylargeyeartoyeartaxburden.Alargepartofthatspendingisa90,000 a year) instead of accounting for expenses, including the relatively large year to year tax burden. A large part of that spending is a 90,000ayear)insteadofaccountingforexpenses,includingtherelativelylargeyeartoyeartaxburden.Alargepartofthatspendingisa15-20 lunch out every day, he who has not brown bagged a lunch in five years. In addition, Ryan purchased a revenue property with a friend, for which Lisetty cosigned a loan despite not legally being part owner of the house. After the loan was signed, Ryan unilaterally took out additional money on the loan, which shows Lisetty that he may not be a responsible parent if he is focused more on his own financial needs than theirs as a family. What Lisetty is unaware of is that she, as the cosigner, is responsible for the loan if he defaults on it. What Gail sees in Ryan and Lisetty as a couple is that Ryan handles all the household finances, shielding Lisetty from any of it in his belief that it is above her head, not realizing that he has made a mess in handling it on his own. Beyond giving Ryan the services of a tax consultant specializing in small business owners like himself and impressing on him the need to cut his spending (meaning no more lunches out), Gail wants Ryan to see that Lisetty should be involved in the financial management for the household. But Gail also wants Ryan to get a good view of life after the baby is born and how that truly will affect him in what he needs to do as a household provider and them as a couple in being responsible parents. Written by Huggo See less