Quote:
Originally Posted by will76
A lot of people don't even know where to start, what you can claim. etc... How much do you pay on SS, how much to take on salary and/or draws (bonuses), paying fed & state taxes, quarterly estimates, if you are incorperated and advantages of llc vs inc etc.. for tax purporses...
there a million things you can do wrong and right when it comes to taxes. Having the right person helping you is huge.
The problem i had in the past is because my company name was adult in nature and gave it away, its unavoidable then. That;s another thing I would suggest to people, when you incorporate don't use a name like "Adult Marketing" unless you want a lot of people to know what you do, you would be surprised how many times you have to show someone your tax returns.
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Adult is not illegal. My prior accountant knew (female old lady) It was less embarrasing to discuss it with her than this new guy. lol.
I dont use a company name. Im Canadian but im 0 rated GST my clients are all US based.
Sabby
