It doesn’t matter if you’re selling a service or a physical product, you may have to pay attention to taxes when you cross that state line. Your LLC or S-Corp is your shield for taxes and can help guide you in how to take care of those taxes. Its very difficult to cover ever scenario, as your taxes can change from multi-State transactions AND how you/what are selling. Jacki and I chat about the basics of across state line taxes and how it might affect you.
Getting paid should be pretty high up there on your to-do list alongside making a profit. You’ve just went through the effort of getting your business legal, now lets worry about how many commas you’ll be making. We chat about money and the different aps that can help keep your finances under control.
Your business is how you’re going to be making your income. You’re going to want to protect your business, product/services, and yourself. Why and how to register yourself can be a long winded answer, but to summarize: registering your business will ensure personal liability protection, legal benefits, and tax benefits.
Taxes can be daunting and scary to talk about. Understanding the LLC vs S-Corp differences in taxes is pretty important to keep yourself legal and profitable! In this episode I sit down with THE AWESOME Jacki Brown. She is a CPA based in Atlanta and we chat about what you need to do to position yourself in the good graces of the IRS and stay there!