Hello, so I am ready to start my social media marketing agency, I just have one important question before I start taking clients, and it has to do with taxes. I will be operating as a sole proprietorship, working as a self-employed individual. This will only be for the first few year or so as...

Hi all! Hope you're having a lovely Monday. As tax season comes to an end I'm facing a little dilemma here. My business sells physical products that are quite elaborate to manufacture. due to the worldwide logistics shitshow, we've had several delays delivering product to our client this year...

New video on YouTube on a topic that was recently mentioned here. The 3Ts of making financial decisions is NOT addressed in either of my prior two books (TMF or Unscripted) and is only mentioned in The Great Rat Race Escape. View: https://www.youtube.com/watch?v=HOL3gYh3Gwg If you haven't...

TL;DR...what is the best country to exercise US stock options in? I'm finally about to get a stock options grant agreement from the startup I joined over 2 years ago next week, with accelerated vesting from the time I joined, and a strike price reflective of the then value of the company. The...

Part of the reason why I moved to Utah from Arizona... AZ continues to slowly slide lower, and lower, and lower. Happy to see Utah in the top ten, albeit, just barely. Nevada was a consideration but I have zero trust in their state government, on top of strict Covid protocols (endangering its...

Hi guys! I'm new here and I would like to create a website, but I had few questions to ask you because I'd like to understand if this is Italian problem or it's pretty much everywhere the same thing ahahah. Basically in Italy if I want to create a website from scratch I should pay 7k of taxes...

So uh.. I just got this as a pamphlet in the mail, they want to change the flat rate income tax in IL to be able to randomly assign a tax rate to "the wealthy" and the arguments "pro-change" they give....... it's like Bernie wrote it. Idk, you be the judge. Somewhere in a deep forest a bald...

I live in Germany and running a one-man company here seems like a lot of bureaucratic work although I only have very surface level knowledge of the matter. There's also a lot of laws regarding privacy concerns and the internet which you have to pay attention to in Germany. I wonder if it's any...

Hi everyone, I have this simple but interesting question that I can't find an answers to. I think many of us here who are just starting out importing products and selling to US will be interested in this question as well. Given a fictional scenario: Product is custom made in china for each...

Hello everyone! I would like to understand better how you manage your money system: 1) concerning your investments, do you shield yourself behind a company or invest as a private? I live in Europe, so for sure rules are different here, but it is still interesting to understand how you...

Let's talk health benefits for employees. We have 4 employees >30 hours a week and 4 part time staff. We'd like to extend a health care stipend, and it looked like a QSEHRA was the best way to do it. It lets us extend the same amount (i.e. $200 a month) to every employee to reimburse for any...

Hello Just wanted to see what are your guys techniques or strategies that you use to lower down your tax bill at the end of the year ?

I've seen that there are corporation tax filing fees, and other fees. It looked to be around $1200 USD per year to just maintain a corporation (I could be wrong, I only did a quick search). At what level of side-hustle income would it make sense to switch from a very very liable sole...

Are you living in the US? Sick and tired of paying obscene corporate, dividend, capital gains, and personal taxes? Do you like warm weather, beautiful beaches, and beautiful women? You might want to look into Puerto Rico. But let’s back up. It was about a year or so ago I really started...

I'm at a point in my business where I need to start worrying about taxes. From what I've learned about IRS and IRC, the best way to legally pay no taxes is to either report zero net profit by balancing your expenses or open business in a country where there are no taxes. Setting up business in...

I am looking for a tax prep pro for the upcoming tax season. I don't want to do this myself since it is against my religion to perform any task outside of my area of expertise when I can hire a qualified individual to do so. Does anyone here have any suggestions as to what I should look for...

I've been playing with an idea of an end goal lately, spurred on by -what I believe- were some extremely shocking examples of gov't incompetence. Spent some time at my parents,where a news paper is available. Old habits and all... It may be outlandish. My parents sure as hell wouldn't even want...

Hi guys. Have been a solo operation running digital marketing and analytics for a couple years now. Income is set to cross over the 6 figure marketing 2019 and just wondering, for tax purposes, if there are any benefits to be had about forming an LLC or S-Corp and paying myself as the sole...

If I earn $100Million after taxes via businesses in the USA and Europe, what taxes will I need to pay on yearly interest/dividends of 5% from investments of the $100Million principal after accounting for 3% inflation for example? I am 27 now BTW. And let's assume that I will live till 85. Can I...

Hello, my name is Anthony and I am trying to start an online retail business under amazon. I already have product and an account set up with amazon. I entered my info for the tax verification in amazon and it came back negative. I called the irs and they said the only way to get a profile is to...