Tax Help Secret: Avoiding the Entreprenuers Curse
Your days as an entrepreneur and businessperson are consumed with one primary activity; making money. Whether you think in terms of growing your business, getting the word out there, or some fancy new marketing technique, your days and weeks and months in business are focused on that one group of activities. In fact, some of you are marketing machines.
Tax Secrets of the Rich Found Here
Maybe you've developed a new product line. Or, set up a joint venture with a new partner. If you're a real estate investor, you're looking for another deal or strategy for locating under-valued properties.
No matter how you break it down, entrepreneurs are single-focused. MAKE MORE MONEY. You live it, you breath it and you sleep it.
I call it the entrepreneur's curse.
Don't get me wrong. It's not completely bad. In fact, the most singly focused people I know are the most successful. But building your business up can't be your only focus.
There are two BIG reasons why.
Taxes and Lawsuits.
Left unmanaged taxes and lawsuits will eat you alive. Taxes do it slowly but surely. They chip away at your net worth a little at a time. It can be so subtle, that you've stopped noticing. Let's face it, when was the last time you looked at your pay stub (yes, even if you're self-employed). There's one line of income and three lines of taxes (Fed, State and FICA) they're alone. But when was the last time you really noticed it?
You've been conditioned not to care. But every dollar that you overpay in taxes is a lost opportunity to build wealth. Think about it; if someone handed you $10,000 or $20,000 to invest in your business, couldn't you leverage the heck out of it?
Maybe you'd buy a piece of (almost) no money down real estate and flip it for $20,000 profit.
Or launch an ad campaign - radio or print.
Or start a web marketing campaign.
Whatever your strategy of choice, you would parlay that money into something bigger and compound the returns on top of it. But if you throw that money away by unnecessarily overpaying your taxes, it's gone. (Remember, a penny saved is a penny earned) And so is the opportunity. Forever. What a shame!
Then there's lawsuits. They mess you up differently. If taxes steal away your money in the night, lawsuits are like a tiger. Waiting. Stalking. Circling. And then, at the opportune moment - BAM! It's over. They pounce on you and you don't even know what hit you.
It might be an angry tenant, or the passenger in a car that you ran into. It could be your spouse or a disgruntled employee. It could be any one of a thousand reasons that people can sue you (there are millions of lawsuits each year).
Whatever the reason, before you can fully regain the use of your senses, you're upside down and inside out. And it can take years before you can pull yourself up by the bootstraps and start over again.
Then, you find you're digging yourself out of a big hole. It doesn't have to be that way. There is a better way. A way for you to build consistent protected wealth that lasts for generations.
That's what my new Wealth Accumulation program is all about. The last thing I want to see is you work for years building a great asset base - only to have someone bring it toppling down. It's not necessary and you deserve better than that. I am trained as an attorney and practiced in the State of New York for 12 years as the senior partner of my own firm, where I was admitted to both the State and Federal Bars and specialized in the areas of business and real estate.
I have benefited from the strategies he teaches and I've saved thousands and thousands of dollars in the process.
Ladies and Gentleman, I give you
The Tax Saving Attorney,
Drew Miles.
P.S. It's the little things in life that make all the difference. Missing the details here could be devastating to you and your family.
P.P.S. Be a hero to those you love. Do it right the first time.
Drew has combined what he learned during formal education, informal education and twenty five years of business experience in the development of programs designed to teach people how to build and preserve lasting wealth. He is an author, teacher and international speaker in the areas of asset protection, and tax saving and wealth building strategies.
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MORE RESOURCES:
 Globe and Mail | Tax staff to be paid $25M in severance, rehired National Post An agreement signed by the Liberals and the Canada Revenue Agency will see the provincial tax workers become employees of the federal government, ... Ont. tax collectors looking at $45000 severance but won't lose jobs |
NB increases property tax rebate CBC.ca The New Brunswick government is going to offer more money to more low-income people who are hit hard by property tax increases, says the finance minister. ... Province to tackle tax hikes New Brunswick government helping low-income earners with rising property taxes New property tax formula coming: Minister |
 Globe and Mail | 10% soda pop tax, 7% fewer calories Globe and Mail Based on the US study, an 18-per-cent tax on pop would result in a decline of 56 calories per person per day. Published on Friday, Mar. ... |
 Washington Post | Friday News Roundup: Week of March 8-12 New America Foundation (blog) Legislators are less eager to increase taxes, especially in an election year, and fear that increased corporate taxes would discourage businesses from ... In Ill., choice is higher taxes or education cuts Quinn Defends Plan to Fund Schools with Tax Hike Green Party's Whitney calls for income tax hike, legalized pot |
 NewsOXY | Free printable federal income tax form 1040 for filing 2009 income tax returns ... Healthy Financial Habits Almost one month from today, millions of Americans will be scrambling to file their 2009 federal income taxes. If you need free printable federal income tax ... Tax breaks can help when you lose your job Tax Tip: 4 places to find free tax help Record number of tax filers paid no federal income taxes in 2008 |
 CBC.ca | WALT COBB: Taxes a necessary evil Williams Lake Tribune NDP energy critic John Horgan has said that the tax will be eliminated, “but we have to find revenue to offset that from other taxes.” None of us like taxes ... Doubts remain after HST report The BC government sneaks another tax hike in through the back door |
Gov. Lingle signs state law reducing large business tax increase for Hawaii ... CanadianBusiness.com HONOLULU (AP) - Businesses in Hawaii are getting immediate relief from the nation's largest increase in unemployment taxes after Gov. ... Lingle signs bill lowering unemployment tax increase |
 CBC.ca | 'Soda tax' movement gains steam Vancouver Sun New York state is the latest American jurisdiction eyeing a "soda tax" to curb the obesity ... Editorial: Nickels and dimes of new taxes just add to the toll Soda Tax: Is New York Soaking the Poor? Study: Taxing junk food could alleviate obesity |
 TopNews United States | Tax fallout Pueblo Chieftain DEMOCRATS DIDN'T know there would be fallout from their dozen tax increase bills this year? Gov. Bill Ritter and his fellow Democrats who control the ... The Tax War Goes Online Colorado's feud with Amazon puts focus on national online tax efforts Opposing rising taxes |
Vodafone Sends Final Submission To India Tax Body Wall Street Journal "Vodafone is confident that no tax is payable on this transaction. All of the taxation and legal advice we have received remains consistent with this view," ... |
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