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  • Evan Kirkpatrick

Bad Shortcuts, Good Shortcuts

Photo credit: Joshua Ness

Shortcuts don’t work out, except when they do. There are bad shortcuts and good shortcuts.

The bad ones to take with your business:

  1. Skip your taxes

  2. Get your random relative who’s good at math to do your taxes

  3. Select an entity structure because it sounds good or because others you know chose that one

Here are some good shortcuts:

  1. Outsource the stuff you hate doing and / or that drains your time and energy

  2. Get a CPA you trust to handle your taxes and do some forward-thinking tax planning

  3. With expert advice from said CPA, select an entity structure that legally allows for the least tax liability and the most money in your pocket

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