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Tax Strategies For Your Biz

Public β€’ 49 β€’ Free

1 contribution to Tax Strategies For Your Biz
What to do after making lots of money.
So I’ve made a good amount of money from dropshipping, over $100K in revenue and $50K profits. I haven’t filed any taxes yet. What are the steps I should take to make sure everything is good from the taxes side of the business.
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New comment Jul 5
1 like β€’ Jun 20
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/
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Regine Caracta
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4points to level up
@regine-caracta-4928
Hello!

Active 155d ago
Joined Apr 19, 2024
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