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Frankly, I found the snottiness in the podcast really obnoxious. If you could tone down the unnecessary insults to your listeners/most everyone who is not you,
by stellar678 16y ago
Frankly, I found the snottiness in the podcast really obnoxious. If you could tone down the unnecessary insults to your listeners/most everyone who is not you, and drop most of the swearing, there was some good advice in here. (I particularly like the general advice that many situations don't require incorporation at all.)
I'd also be careful suggesting that people create S-Corps and book most of their personal income from the corp as 'distributions' - sure it's possible to save on payroll tax, but it's a risky proposition unless you book a reasonable (i.e. around what someone else would pay you for the work) amount as wages.
- camz 16y agoI honestly didn't mean to sound snotty or obnoxious, I just strongly disagree with people suggesting to others to pay exorbitant fees for incorporations when the information is freely provided. But, I will definitely take your advice into consideration and try my best to adjust the pdocast to fit the audience.
- stellar678 16y agoI hope the suggestion proves helpful. And nice to hear that you're looking out for people! How are you picking this knowledge up yourself? Also, I may have missed this in the podcast but: when and why did you decide that incorporation was right for your business?
- camz 16y agoWell the technical knowledge comes from my years of experience as a professional tax accountant. The decision making behind the business came from the fact that I wasn't willing to spend more than my business would generate. So, I was always re-evaluating expenses to make sure that they were directly contributing to the bottom line. Incorporation is not a factor thats vital until you're generating significant revenues because it's always going to increase your costs. As a personal note, I invested $500 dollars into a business initially and waited until I was making over $30,000 in net profits until I even considered incorporating because my profits would increase by incorporating with the proper tax planning.