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Unconventional Tax Wisdom for Contractors
Manage episode 397062132 series 3314227
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We haven't met a contractor who likes to pay taxes, but many take avoiding taxes to the extreme. What are the true implications of making it your goal to pay no taxes every year? Let's talk about it.
Topics we cover in this episode include:
- Four ways contractors can be taxed
- An example of an extreme outcome of tax avoidance
- The purchases and tax choices that get many contractors in trouble
- How Profit First can help you save enough for taxes and remain profitable
LINKS
Visit the episode page at https://carpentercpas.com/taxdeferral for more details and a transcript of the show.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Capitole
1. 149 - Unconventional Tax Wisdom For Contractors (00:00:00)
2. Four ways contractors can be taxed (00:02:56)
3. An example of an extreme outcome of tax avoidance (00:06:13)
4. The purchases and tax choices that get many contractors in trouble (00:11:45)
5. How Profit First can help you save enough for taxes and remain profitable (00:13:46)
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