Quote:
Originally Posted by MakeMeGrrrrowl
I actually did set up a savings account which deducts automatically from my business checking, and fortunately I have just enough to cover it, but I was NOT expecting to have to use the whole entire thing since I did draw a paycheck and paid taxes every 2 weeks this whole past year. Problem is, my business increased and my income doubled what I actually paid myself.
I do have an accountant, but he knows nothing about adult business other than working with me for the past 7 years or so. I feel like if I had someone who was more skilled in adult, there may be some things I would be entitled to, that my accountant doesn't know about. I'm not sure if they are all the same no matter the industry. I think I would need an entertainment accountant I suppose?
I don't think my CPA gets me any damn deals. And he really should have set me up in DE instead of NJ then I wouldn't have state taxes on top of federal taxes. Booooo.
I have no choice but to pay my taxes when they are due, as I already have an agreement and once you do, you can not screw up going forward. I'm happy as heck that I can pay the bill. So I'm not really COMPLAINING, just saying damn...it's crazy.
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You are completely misinformed. If you inc in Delaware it only benefits you if you LIVE in Delaware. Otherwise, you still owe nj state tax if you are a nj state resident. In fact a Delaware corp will cost you more because of franchise taxes & registered agent fees. Register within the state you live. There is no way around taxes. That's the one thing you do not want to ever fuck with. But clearly someone is giving you bad advice.
Ds