tax time

NFL players make more in a year than most people will see in an entire lifetime.

Don’t believe me? In 2016:

Ben Roethlisberger made $17,750,000, Philip Rivers made $22,000,000, Tom Brady made $28,764,705, Von Miller made $25,100,000, and the New Orleans Saints paid Drew Brees a whopping $31,250,000.

 

Meanwhile, the average annual salary in America is $51,539. That means that you would have to work for more than 600 years to make as much as Drew Brees made last year.

Despite the fact that they make so much more than you do, sometimes it seems like they pay virtually nothing in taxes, doesn’t it? Now, the truth is that a lot of them use pretty shady, sometimes even bordering … Read more →

Welcome back! This month we’re talking about all things tax related and tax terms. If you missed our other posts this month, we invite you to check them out now. To learn how to choose the right entity, click here. To find out how you can take advantage of some surprising tax deductions, check this out. And to get your arms around tax obligations you need to know about, look here.

This week we want to share some key tax terms you need to know to win the tax terms game. While your CPA is responsible for having a solid command of all tax-related terms, it’s important for, as the business owner to acquire at least a … Read more →

This month we’re talking about every small business owner’s favorite topic: taxes and tax obligations! We know, we know…it’s actually not your favorite topic, nonetheless, it’s a very important topic so it’s something we’ve got to address.

If you missed our first two posts this month, make sure you check out our posts on How To Choose The Right Business Entity and Surprising Tax Deductions—both are full of insights you need to know.

This week we’ll be continuing our series by talking about your tax obligations as a business owner. Now, these obligations vary quite a bit depending on the structure of your business and which state you live and work in, but let’s take a good look at what … Read more →

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