If you own a business or have thought about starting a business, chances are you have heard someone or some media channel touting the advantages of registering your business in Delaware. Or Nevada. Or Wyoming. Or any of the other states that offer either no state income tax or corporate friendly rules. In fact, you have.
Courtney and I recently had the chance to be interviewed by Shane and Jocelyn Sams on their AWESOME podcast, The Flipped Lifestyle. We answer a ton of tax questions from entrepreneurs, but also dive into the personal side of being married to an entrepreneur and how to balance your business and life. Be sure to.
With tax season upon us, here are three videos that may help those of you opting to prepare your own taxes this year. They would also be useful to help you organize your documents for your CPA (more organized documents mean more affordable tax prep!). We are currently accepting new clients for 2013 tax.
Foter.com / CC BY-SA As the calender quickly moves towards the end of the tax year, I’m frequently asked what last second strategies entrepreneurs can use to reduce their taxes. Over the next few weeks, we will discuss some ideas you can implement before year end to reduce your tax liability. December is a busy.
TheAlieness GiselaGiardino²³ / Foter.com / CC BY-SA Charitable contributions are a very misunderstood portion of the tax return. Every year, I have several clients who either try to deduct donations they can’t, or don’t realize they don’t qualify for any deductions for charitable donations. Obviously donating to charity should be about more than maximizing.
Phil’s 1stPix / Foter / CC BY-NC-SA One of the great things about being an entrepreneur is the ability to set up shop wherever you want. While some businesses are easier to move than others, the explosion of the internet and the advent of the “location independent” business has made it easier than ever to.
kevin dooley / Foter / CC BY Many entrepreneurs have no desire to hire any employees. In some cases, it’s hard to blame them. For some small business owners, employees are a significant expense they can’t afford to invest in. And no matter how extensively you interview, you never know how a new employee.