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re: Ways to lower Taxable Income

Posted on 2/27/13 at 3:02 pm to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35614 posts
Posted on 2/27/13 at 3:02 pm to
quote:

Point is you have to be a small business owner to fully utilize the tax laws to your advantage. W-2 employees are limited.


You can be both. I own an LLC but we are treated as an S-Corp for tax purposes. I draw a regular paycheck and receive a W-2 but I can also do disbursements.

I'm leaving for Turks & Caicos tomorrow morning for 5 days. Perhaps it should be my annual Board of Directors meeting?
Posted by BACONisMEATcandy
Member since Dec 2007
46644 posts
Posted on 2/27/13 at 3:21 pm to
Let me know if you need someone to sit on your board
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