Tax Mistakes for Entrepreneurs to Avoid As your company grows, make sure you understand how to put the right tax mechanisms in place.
To continue watching log in or create your free Entrepreneur account.
Login to continue Create an accountOriginally aired Jul 30, 2019
There’s an old adage in business: What got you here won’t get you there. You have a great idea, you start your business, and soon, you’re making money. That’s fantastic, but nothing can quite prepare you for a huge tax bill that you weren’t expecting.
Bruce Willey -- who has years of experience working with small and midsize businesses at American Tax and Business Planning -- offers some simple tips that can help you hold off the high tax bills and set your company up for strong growth.
Key Takeaways:
- Discover some of the the most common tax mistakes entrepreneurs make
- Understand why accountants might set you up in your new business as an LLC, and why that may not be the right call
- Learn why there's no reason to panic if you get a notice that you'll be audited
Upcoming Webinar
Influence That Converts: How Entrepreneurs Use Social Media to Drive Real Business Growth
Join us for this free webinar to discover content strategies that actually lead to engagement, trust, and new business opportunities.
Protecting Your Brand in the Age of AI: What Founders Need to Know Now
Join us for this free webinar to learn about protecting your brand, safeguarding your intellectual property, and navigating the gray areas of AI—before they turn into costly mistakes.
How Data-Driven Storytelling Can Point Your Business Toward Profit and Growth
Join us for this free webinar to learn how financial leaders can convey impactful insights to key stakeholders during a challenging economy.
On Demand: How a Restaurant is Made
Opening a restaurant? Get insights and advice from chefs Rasheeda Purdie and Tom Colicchio on a bonus video episode of The Build, brought to you by TILIT and Square. Watch now.