Post by maxrakibbd2 on Oct 3, 2023 4:21:18 GMT
I don't like. Pay taxes I say. In the end you can't avoid it if you are looking to grow faster. You need financing as a lever in your business. There is no other. Carlos Bravo0 Everyone has to pay taxes. The stupidest thing you can do is try to defraud the state to save yourself thousands or even millions of money. Your freedom is priceless. Going to jail for money is not worth it. Furthermore, we do not want to live in a society where breaking the rules of coexistence is normal and well-regarded. Then there is the part of having a strategy when it comes to paying taxes. If you like the theme, there are options to pay more or less 100% legally. There are even more options if you operate between several countries as is my case.
For this, one thing is essential. You have to know more Asia Mobile Number List than your tax advisor. Yes, you understood me correctly. An average advisor understands “normal things” to call it something. You have to get your act together to find out ways and structures that allow you to save taxes legally. It's what I always do. I call my advisors and tell them “I have an idea…”. Then it is your advisor who tells you where the risks are and whether your plan can work or not. Last year things have gone well financially. The bad thing about it is that this entails a significant payment of taxes. 2 or 3 years ago I always wanted to minimize this part. Now I allow you to accumulate a minimum amount of benefits that lead to a relevant tax payment. Because?
For a very simple reason: to demonstrate solvency to the bank. Banks are an essential instrument to continue investing and use your existing capital as leverage. Right now I am closing a financing in Germany of 305k for the purchase of a premises. It is not yet 100% confirmed but it looks good that you can close the purchase without having to put a single euro on the table. They even loaned me 7k to do a small renovation. When they do the studies they always look at your income from last year. A person who does not pay taxes consequently has no income (or very little). Many entrepreneurs act this way to maximize the cash flow available for investing. I always tell my advisor that my goal is to maximize cash flow. I don't need to have the money on a personal level. As long as I have it in the company, I can use it to grow the assets.
For this, one thing is essential. You have to know more Asia Mobile Number List than your tax advisor. Yes, you understood me correctly. An average advisor understands “normal things” to call it something. You have to get your act together to find out ways and structures that allow you to save taxes legally. It's what I always do. I call my advisors and tell them “I have an idea…”. Then it is your advisor who tells you where the risks are and whether your plan can work or not. Last year things have gone well financially. The bad thing about it is that this entails a significant payment of taxes. 2 or 3 years ago I always wanted to minimize this part. Now I allow you to accumulate a minimum amount of benefits that lead to a relevant tax payment. Because?
For a very simple reason: to demonstrate solvency to the bank. Banks are an essential instrument to continue investing and use your existing capital as leverage. Right now I am closing a financing in Germany of 305k for the purchase of a premises. It is not yet 100% confirmed but it looks good that you can close the purchase without having to put a single euro on the table. They even loaned me 7k to do a small renovation. When they do the studies they always look at your income from last year. A person who does not pay taxes consequently has no income (or very little). Many entrepreneurs act this way to maximize the cash flow available for investing. I always tell my advisor that my goal is to maximize cash flow. I don't need to have the money on a personal level. As long as I have it in the company, I can use it to grow the assets.