Asheville Child Support for Self-Employed Parents
Asheville Child Support Lawyer
Child support is court-ordered financial assistance that is typically made by the non-custodial parent to help support their minor child or children. It is an obligation to your children, determined by the amount of time the child spends with each parent and the income that could be made if the non-custodial parent was working full time. This formula makes calculating child support complicated for those who are self-employed, own a professional practice or business, or earn income in other non-traditional ways. Finding an experienced attorney in Asheville, NC to help navigate these complexities can provide valuable insight into your circumstances.
Attorneys With Extensive Financial Analysis Experience
If you are concerned about how your non-traditional earning method will affect your child support determination, working with a financially skilled attorney can help immensely. The legal team at Parsons Law, PA, has years of child support law knowledge. This knowledge, combined with our reputation as aggressive advocates and compassionate allies, creates an expert team of professionals that are ready to help guide you through a child support case. We can easily convey your child’s needs to the court and ensure that the results are in the child’s best interests. Our firm is deeply familiar with the many challenges and nuances of courtroom proceedings. We do not shy away from complicated situations that require our all.
Guidelines for Self-Employed Parents
Self employment income may be different from how other parents’, support their children. Fortunately, North Carolina law has a method to fairly determine the income from self-employment for the purpose of child support. Essentially, these guidelines state that the money made from the employment or business venture should be subtracted from the money required to operate the business. This income value is the number that will be used to calculate appropriate child support.
There are some expenses that will be excluded by the North Carolina Child Support Guidelines. There may be certain investment tax credits and depreciation that can be excluded, per the IRS. The court may disallow expenses that the parent would have sustained regardless of operating the business. These can include:
- Telephones
- Utilities
- Insurance
- Maintenance
Family Law & Civil Litigation Lawyers
Our experienced attorneys are here to help. Schedule a confidential consultation to discuss your case, understand your options, and get the guidance you need.