How To Reduce Your Corporation Tax Bill | Crunch
How To Reduce Your Corporation Tax Bill | Crunch
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Summary: Follow @corporatetaxaccelerator if you want to learn how to prepare corporate tax returns. – Business owners use corporations to minimize taxes – Corporate tax rate is as low as 9% on the first $500,000 of taxable income – They pay themselves just enough to live on and keep the rest inside the corporation – When an individual earns $500,000, about $200,000 goes to taxes – Money kept inside the corporation can be used to grow the business – They can hire family members to split income –
1:04
Summary: Follow @corporatetaxaccelerator if you want to learn how to prepare corporate tax returns. – Business owners use corporations to minimize taxes – Corporate tax rate is as low as 9% on the first $500,000 of taxable income – They pay themselves just enough to live on and keep the rest inside the corporation – When an individual earns $500,000, about $200,000 goes to taxes – Money kept inside the corporation can be used to grow the business – They can hire family members to split income –
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