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Taxes Information |
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Tax Help Secret: Avoiding the Entreprenuers Curse
Your days as an entrepreneur and businessperson are consumed with one primary activity; making money. Whether you think in terms of growing your business, getting the word out there, or some fancy new marketing technique, your days and weeks and months in business are focused on that one group of activities. In fact, some of you are marketing machines. Tax Secrets of the Rich Found Here Maybe you've developed a new product line. Or, set up a joint venture with a new partner. If you're a real estate investor, you're looking for another deal or strategy for locating under-valued properties. No matter how you break it down, entrepreneurs are single-focused. MAKE MORE MONEY. You live it, you breath it and you sleep it. I call it the entrepreneur's curse. Don't get me wrong. It's not completely bad. In fact, the most singly focused people I know are the most successful. But building your business up can't be your only focus. There are two BIG reasons why. Taxes and Lawsuits. Left unmanaged taxes and lawsuits will eat you alive. Taxes do it slowly but surely. They chip away at your net worth a little at a time. It can be so subtle, that you've stopped noticing. Let's face it, when was the last time you looked at your pay stub (yes, even if you're self-employed). There's one line of income and three lines of taxes (Fed, State and FICA) they're alone. But when was the last time you really noticed it? You've been conditioned not to care. But every dollar that you overpay in taxes is a lost opportunity to build wealth. Think about it; if someone handed you $10,000 or $20,000 to invest in your business, couldn't you leverage the heck out of it? Maybe you'd buy a piece of (almost) no money down real estate and flip it for $20,000 profit. Or launch an ad campaign - radio or print. Or start a web marketing campaign. Whatever your strategy of choice, you would parlay that money into something bigger and compound the returns on top of it. But if you throw that money away by unnecessarily overpaying your taxes, it's gone. (Remember, a penny saved is a penny earned) And so is the opportunity. Forever. What a shame! Then there's lawsuits. They mess you up differently. If taxes steal away your money in the night, lawsuits are like a tiger. Waiting. Stalking. Circling. And then, at the opportune moment - BAM! It's over. They pounce on you and you don't even know what hit you. It might be an angry tenant, or the passenger in a car that you ran into. It could be your spouse or a disgruntled employee. It could be any one of a thousand reasons that people can sue you (there are millions of lawsuits each year). Whatever the reason, before you can fully regain the use of your senses, you're upside down and inside out. And it can take years before you can pull yourself up by the bootstraps and start over again. Then, you find you're digging yourself out of a big hole. It doesn't have to be that way. There is a better way. A way for you to build consistent protected wealth that lasts for generations. That's what my new Wealth Accumulation program is all about. The last thing I want to see is you work for years building a great asset base - only to have someone bring it toppling down. It's not necessary and you deserve better than that. I am trained as an attorney and practiced in the State of New York for 12 years as the senior partner of my own firm, where I was admitted to both the State and Federal Bars and specialized in the areas of business and real estate. I have benefited from the strategies he teaches and I've saved thousands and thousands of dollars in the process. Ladies and Gentleman, I give you P.S. It's the little things in life that make all the difference. Missing the details here could be devastating to you and your family. P.P.S. Be a hero to those you love. Do it right the first time. Drew has combined what he learned during formal education, informal education and twenty five years of business experience in the development of programs designed to teach people how to build and preserve lasting wealth. He is an author, teacher and international speaker in the areas of asset protection, and tax saving and wealth building strategies.
MORE RESOURCES: 'The Untouchables': How Columbia and N.Y.U. Benefit From Huge Tax Breaks The New York Times Spain charges pop singer Shakira with tax evasion for a second time and demands more than $7 million The Associated Press Port St. Lucie lowers millage rate amid complaints over rising property taxes WPTV News Channel 5 West Palm Intuit Pushing Claim That Free Tax-Filing Program Would Harm Black Taxpayers — ProPublica ProPublica Hunter Biden in GOP's crosshairs again as tax panel sets vote on disclosing more confidential info POLITICO Two Promoters Charged in Alleged Nationwide Illegal Abusive-Trust ... Department of Justice Roofing company loses court fight over unpaid employment taxes Iowa Capital Dispatch South Texas county orders deleted delinquent taxes reinstated and paid, including sheriff’s Border Report Spain charges pop singer Shakira with tax evasion for a second time and demands more than $7 million ABC News Analysis | There's an Obvious Way Rishi Sunak Can Fix Inheritance ... The Washington Post City taxes projected to drop (a smidge) for Mankato homeowners Mankato Free Press This Is How Super-Healthy Americans Plan Their Taxes Yahoo Finance Ohio lawmakers take aim at growing property taxes The Highland County Press Efforts to eliminate grocery tax stall despite bipartisan support Muskogee Daily Phoenix How do Roth IRA taxes work? USA TODAY 13-Minute Gulfport Council Meeting on Taxes and Budgets The Gabber Newspaper Taxes and a new school Boothbay Register Columbus Township parcel fetches $103K at tax sale timesobserver.com Deadline for Pittsburgh Mills Mall owners to pay millions in taxes, avoid sheriff’s sale looms WPXI Pittsburgh City Council approves tax increase in Naples for 2024, despite ... Naples Daily News Win for Taxpayers in Transition Tax Case Would Cast 'Cloud of ... - Thomson Reuters Tax & Accounting Win for Taxpayers in Transition Tax Case Would Cast 'Cloud of ... Thomson Reuters Tax & Accounting Watch Out New York – New Jersey Wants Its Taxes Too! - Employee ... Mondaq News Alerts East Cleveland development project triggers excitement and ... News 5 Cleveland WEWS Get ready for tax year 2023 now TheStreet Board Prepares To Set Property Taxes | Webster Kirkwood Times ... Webster-Kirkwood Times, Inc. Will You Owe Taxes When You Sell Your Home? Morningstar Fulton board to consider tax breaks for data center, housing projects The Atlanta Journal Constitution Your Property Taxes With Cook County Treasurer Maria Pappas Village Free Press | FTC Warns Tax Preparation Companies About Misuse of Consumer ... Federal Trade Commission News Pilot program to help out long term residents with property tax ... WRTV Indianapolis Grocery sales tax break is missing some consumers – Tennessee ... Tennessee Lookout 38 States That Don't Tax Social Security Benefits The Motley Fool Man buys 58 properties in Luzerne County delinquent tax auction The Times Leader Countries Can Tap Tax Potential to Finance Development Goals International Monetary Fund 2023 Senior Tax Freeze application deadline fast approaching ... Philadelphia Water Department Let’s Focus on Property Tax Solutions, Not Political Soundbites Flathead Beacon Median Household Income After Taxes Fell 8.8% in 2022 U.S. Census Bureau St. Pete Beach Discusses Loud Music, Budgets, and City Manager The Gabber Newspaper Two Tax Shelter Promoters Found Guilty in Billion-Dollar Syndicated ... Department of Justice How AI will impact the tax profession Thomson Reuters Tax & Accounting Gloucester County residents to vote on proposed tax increase bond referendum 13newsnow.com WVEC California Companies Defer Billions in Taxes, Interest-Free, as ... The Wall Street Journal QCDs: A Tax Break Worth the Hassles - WSJ The Wall Street Journal A guide to: Sales and use tax returns efficiency Wolters Kluwer California Democrats misfired by taxing guns and ammo Los Angeles Times FASB Unanimously Votes to Finalize Proposed Disclosure Rules on ... Thomson Reuters Tax & Accounting Property tax bills arrive next month. Here is what's new Fort Worth Report Virginia sports betting tax revenue doubles year over year 13newsnow.com WVEC Optimize Your Taxes With These Two Common Strategies Kiplinger's Personal Finance Tax Take: A Roller Coaster Week Ahead - Tax Authorities - United ... Mondaq News Alerts Northwest Arkansas sales tax revenue rises 5.68% in September ... talkbusiness.net Hinds Tax Collector's Office to reopen Tuesday WAPT Jackson Trump advisers plot aggressive new tax cuts for second White ... The Washington Post |
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