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Recent content by kwes

  1. K

    Business Is Now Making 7 Figures - Taxes are killing me - Advice?

    HOT! TAXES | REGS 
    Sounds good until you try to bring the money back to the U.S. In fact, so far all of the ideas here sound good until I actually try them with my accountant and there is always a problem. I have joined a group of other 7 figure earning businesses and we all have the same problem. It seems like...
  2. K

    Business Is Now Making 7 Figures - Taxes are killing me - Advice?

    HOT! TAXES | REGS 
    I agree, and I have read about putting together this "team" since I started my financial journey. However, 5 accountants, 2 attorneys, and one very expensive so called financial strategist later, I'm still looking. I am having trouble finding 'A' people to make up my 'A' team. Right now I would...
  3. K

    Business Is Now Making 7 Figures - Taxes are killing me - Advice?

    HOT! TAXES | REGS 
    There is some truth in what you say-figuring out how to lower reported income is one strategy. It is also easy to be unmotivated to make more money when you know you have to give more than half of it away. And just "not making so much money" is not the answer because unfortunately anyone making...
  4. K

    Hi Global - I was told that you may have some wisdom to drop on my post here...

    Hi Global - I was told that you may have some wisdom to drop on my post here: http://www.thefastlaneforum.com/asset-protection-taxes-legal/39653-business-now-making-7-figures-taxes-killing-me-advice.html#post211221 If so, thanks in advance!
    • kwes
    • Profile post
  5. K

    Business Is Now Making 7 Figures - Taxes are killing me - Advice?

    HOT! TAXES | REGS 
    Technology
  6. K

    Business Is Now Making 7 Figures - Taxes are killing me - Advice?

    HOT! TAXES | REGS 
    My Business is now profiting 7 figures, but I'm getting raped on the taxes. My business is an S-Corp and all the income flows down to my personal which puts me in the highest bracket. I don't mind paying some taxes, I just don't like paying 40% of my income (15% would be much more reasonable)...
  7. K

    Create Cross-Selling Websites or Commit Polygamy?

    WEB/DIGITAL 
    Yeah, actually you still don't seem to understand. It's ok, thanks for trying... :eusa_clap:
  8. K

    violating commandment of entry?

    EXECUTION 
    When doing your initial market research take a look at some of these factors for each business: (you could even give each business points based on what you find and use the weighted decision matrix to decide on the better opportunity for you) How many customers in your pool? Do some research to...
  9. K

    Create Cross-Selling Websites or Commit Polygamy?

    WEB/DIGITAL 
    I am not sure where either of you are going with this - seems there may be a misunderstanding of the original question... ;) I am not asking about jv or affiliate opportunities. I am concerned with spreading myself too thin. There are so many ways to make money, that it is definitely hard for...
  10. K

    How to get the 5% return talked about in the book...

    INVESTING 
    Perfect! Thanks mate!
  11. K

    Create Cross-Selling Websites or Commit Polygamy?

    WEB/DIGITAL 
    Yep, that is what I would do, except they wouldn't just be products. They would be different websites, names, merch accounts, branding, etc. That is why I asked the question - am I spreading too thin by engaging in these other businesses even though they leverage my existing lead pool (they...
  12. K

    How to get the 5% return talked about in the book...

    INVESTING 
    I have been doing some research and I don't see an easy way to get a 5% return without risk. So if this is my goal (based on MJs book): 1. Grow a fastlane business 2. Sell it. 3. Add the money gained to a "money system" I haven't been able to find a money system that yields 5% without the...
  13. K

    Create Cross-Selling Websites or Commit Polygamy?

    WEB/DIGITAL 
    Hello Fellow Fastlaners, I have a slight dilemma that you may be able to shed some light on. The majority of leads I gather for my website business all have the same problem. There are 4 main solutions to this problem. My business provides one solution (which is arguably the best solution)...
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