Building a business is difficult enough, and filing and paying your taxes is a confusing process. Whether you’re a new business owner or have been operating for years, there’s always something to learn when it comes to taxes! In this article, we’ll outline the process for filing and paying your taxes, so you can feel confident and prepared when Tax day rolls around.
Deferring taxes with retirement plans allows you to save on taxes and reinvest those savings and build a much larger portfolio when compared to traditional investment accounts. Knowing the most common plans will help lower your tax bill annually.
Buying a Tesla at the end of the year to lower your tax liability will probably be the worst dinner party tax advice for an unsuspecting online business owner.
One very confusing concept for new business owners is determining how to pay yourself from your business. This article covers the ideal breakdown between S-corp salary or distributions for business owners.
One of the most frequently asked questions I get from CleverProfits clients is if they can set up their business in a different country to avoid taxes.
CleverProfits’ agency, coaching, and consulting clients. They retain a single layer of tax on all business profits generated while eliminating self-employment taxes for owner-operators.