/biz/ - Business & Finance

Anonymous Tue Mar 2 09:15:45 2021 No.30047107 [View]
File: 119 KB, 812x742, IMG_20210302_141116_733.jpg [View same] [iqdb] [saucenao] [google]

>>30046454
99% tax accountants have no idea what any of this is. The wrong one will probably result in a shit deal going forward?

Miscellaneous income seems to best describe the situation.

I feel being an LLC adds an extra layer of complexity to operating such a business. Yes Corp tax is lower on profits compared to sole trader, but messing around with dividends and payroll for yourself as CEO still has tax implications and poses more time restrictions when trying to use your earnings.

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/biz/ - Business & Finance

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