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“It depends”. That is your answer to all of your tax questions. Every single one of them.
Taxes play a crucial role in all businesses and to most entrepreneurs, it is like trying learn a foreign language. Not only is it like learning a new language, there are at least 4 potential answers to most tax questions. An accountant’s favorite answer is, “It depends”.
I have learned that you want your accountant to answer this way. It means they are making sure to give you the most correct answer to your question. I sat down with Ken Priebe who owns Treasure Valley Tax. He has been an accountant for 29 years and specializes in helping small businesses take care of their taxes.
The topics we cover include, how to decide what kind of entity to form, how your business changes from a tax standpoint when you hire employees, how to properly handle deductions, and how to stay in a lower tax bracket.
Treasure Valley Tax Services Website
On Android, download Podcast Addict and search for “None of my Business”
Music by Roger Clyne and the Peacemakers.
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