Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts
Entrepreneur's Mousetrap: The Greedy Get Trapped
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First Paycheck: Corporate vs. Startup
I’m worth more!
My two first weeks at a role in a Corporate Fortune 500 company yielded a paycheck with an unexpected amount. In absolute terms, the sum of money was decent – enough to pay my student loans, rent and even a little discretionary splurging on the side. Yet for some reason I felt shortchanged as I counted the hours I actually worked: there was no way to increase my earnings. Additionally, looking at all the taxes, insurance and social security deductions, I believed my value was much more than what I received.
Take a Taxative: Don't Get Audited!
Ah, taxes. A mandatory thorn in your side. What to expense, what to allocate, what to deduct and what to account for… it's quadruple the headache for an entrepreneur.
If you are an entrepreneur who gets your taxes done for you, you're not in the clear as you still have to gather all your statements and receipts. And for those small business self-TurboTaxers out there, here are some tips to prevent getting audited:
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