The more time you have to plan for your income, the less taxes you’ll pay.
No planning and no time = more taxes.
To pay less tax in 2009, there are three things you must do RIGHT NOW:
( 1) Look at your business structure. If you have a Single Member LLC for your business and haven’t elected tax treatment, you’ll be taxed as a Sole Proprietorship. That means higher taxes, more risk and more chance of IRS audit. Are you ready for a C Corporation? Or, do you need to switch your C to an S?
16 January 2010
If you haven’t yet checked out the coaching schedule at USTaxAid, take a second to do it here: http://www.usataxaid.com/coaching/ We’ve had a record number of people sign up for the coaching classes and are getting rave reviews. Our next session is January 22nd on C Corporation Tricks and Traps. When you sign up, you get copies [...]
25 January 2010
Every week I do FREE! tax reviews of past tax returns. In many cases, I find easy solutions that would have saved the taxpayer tens of thousands of dollars in taxes each and every year. In a few cases, I can’t find anything and I’m the first one to say that. I never want to [...]
02 September 2010
As much as we talk about income taxes at USTaxAid, there are actually two taxes that might end up being more important to your business. That’s because if you miss these taxes, you’ll get shut down faster than you can even imagine. Those two taxes are: Payroll tax Sales tax Payroll tax here refers to the Social Security [...]
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