Unlocking Your Business Potential
How do I take money out of my corporation tax free? 3 Ways To Get Tax-Free Income From Your Corporation Loans. What to do: Make sure that the loan is reflected in a promissory note and carried as a loan on the books of the business. Fringe benefits. Note: Special rules apply to S corporation … Read more
How do I avoid franchise tax in Delaware? There are ways to reduce your Delaware franchise costs in certain circumstances. To reduce the taxes paid by a startup, use the Assumed Par Value method. This method calculates the taxes by total assets. As long as your issued shares constitute a third to half of your … Read more
How does an LLC avoid self employment tax? LLC owners choose to lessen their individual self-employment tax burden by electing to have the LLC treated as a corporation for tax purposes. Classification as an S Corporation (under Subchapter S of the Internal Revenue Code) is what most LLCs select when aiming to minimize their owners’ … Read more
How can I legally hide money on my taxes? Interest income from municipal bonds is generally not subject to federal tax. Invest in Municipal Bonds. Shoot for Long-Term Capital Gains. Start a Business. Max out Retirement Accounts and Employee Benefits. Use a Health Savings Account (HSA) Claim Tax Credits. Read more on www.investopedia.com Although it … Read more