How much should I pay for my corporation taxes or even my personal taxes?
by hunison | Jun 1, 2020 |
- For corporation income taxes, it all depends on your long term strategy. If you intend to build up a credible company that will be qualified for funding or finance, you may want to be conservative on your accounting practice and start paying taxes right away in the first year. If you intend to use the company as an investment vehicle that is financed solely by you, then you may want to minimize tax liability. We provide free consultation for all our package [3] members.
- As a foreign entrepreneur, you may not have SSN (social security number) to open a personal bank account. In that case, you will want to have an ITIN. To apply for an ITIN, you must first file the personal income return and pay certain amount of taxes. This could be achieved by having the company paying you for service. That income you receive from the company will become taxable income. We provide free consultation for all our package [3] members.
