So Iβve made a good amount of money from dropshipping, over $100K in revenue and $50K profits. I havenβt filed any taxes yet. What are the steps I should take to make sure everything is good from the taxes side of the business.
Hey! Here are some steps to follow to make sure you're covered on taxes: 1. Make estimated tax payment to avoid interest and penalties 2. Create a separate business bank account so you don't confuse business and personal expenses 3. Make sure you are using "accelerated expenses" to create more deductions for your business= less taxes you are paying this year If you need additional support, you can schedule a free call here: https://freecashflow.io/book/