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Tax / Accounting question
Ok got a few questions here if anyone can answer or give me any input. First off I'm single and of course self employed so my taxes suck ass. I just got done talking to my accountant which said I'm gonna have to pay in like 40% of my net income after my deductions for this year if I keep my sales where I am right now. Says I can save $3500 or so off that if I s-corp and pay a lawyer $1000 or so to do that.
I can also go buy a new vehicle and write off like 75% of it and save money on taxes that way and just pay to tax/license it here in Nebraska which fucking sucks ass ($2500 for every $25000 or so spend)
Do I just go buy a new tahoe/danali/escalade and s-corp?
Or S-corp and pay whatever taxes are left.
What would you guys do?
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