Looking ahead to next tax season...
 

As of right now all my checks come in to my name and I have to pay a ton in taxes. Someone said its basically like 31% which you have to pay back.

But are there ways to pay less? Another person said something like starting a corporation you pay less? or it might have been a inc.

also, please post all the neat and wonderful things you guys found that you wrote off. etc etc etc

since i am just starting out i havent really paid much attention to all this, but now i am trying to look ahead, so much help please!

hit up the phonebook tomorrow and look for "accountant"

good answer.... :321GFY

Alky:

You don't only want an accountant, you need on with legal experience too! Tax Attorneys are pretty much the shit and have a million tools that will help you keep your money and create a $0 income for you at the end of the year. I live in CA. and I have to pay the $800 / year filing fee for my C Corp, but I partner in other LLC's and take checks on a consulting or shareholder withdraw basis... to my C CORP. then I filter everything through the corp., food, car, computer shit, anything that you can think of! Then I pay myself as an employee of my corp... let's say $10 - now i can afford $3 in taxes :) The C CORP then files and if you are creative you can usually break even and pay VERY little taxes... You will need to setup a pension plan, etc... but I have a REALLY KICKASS attorney / cpa - I'll hook you up with her info. if you wanna do this!

-DM - ICQ 138941940