4 ms·
Unfortunately like mechanics, there are a lot of just average and poor accountants. Typically you have to ask around (personal network) for ones that work with
by nodesocket 4y ago
Unfortunately like mechanics, there are a lot of just average and poor accountants. Typically you have to ask around (personal network) for ones that work with high net worth individuals. They are the ones that know all the tricks, loopholes, optimizations.
The biggest tax savings I benefited from is starting a company (LLC taxed as S corp). Lots of doors open up then. Though, the LLC has annual fees, taxes as well such as payroll tax, self employed tax, state income taxes (if you live in such a place), franchise and excise taxes. It's a lot to manage and overhead having a LLC, recommend you pay somebody to manage it all.
- jwong_ 4y agoThanks for the confirmation. I will give it another shot then. Another reminder for me to start an S-corp, it's been something I've been putting off for the paperwork.