View Single Post
Old 02-02-2010, 09:40 PM  
Sabby
Confirmed User
 
Sabby's Avatar
 
Industry Role:
Join Date: Jul 2003
Posts: 2,888
Quote:
Originally Posted by will76 View Post
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.
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
Sabby is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote