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$$$ Advice...

Discussion in 'Affiliate Programs' started by the mad hatter, Jun 14, 2009.

  1. the mad hatter

    the mad hatter Newbie

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    Out of curiosity, I have heard from some affiliates that once your website becomes more profitable the taxman suddenly makes an appearance.

    Can anyone provide feedback and/or advice on this?

    Thanks in advance.

    Cheers.
     
  2. TermsB

    TermsB Senior Member

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    Always pay your taxes. End of story.
     
  3. 4alllifestyles

    4alllifestyles Junior Member

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    Always remember it's a business. No matter what have your financial house in order. Being prepared for taxes is always a good business move...

    1) Use good accounting software to track your income and expenses.
    2) Evaluate your tax position several times a year (quarterly works) so if you need to make
    moves you can.
    3) Use tax and legal professionals if at all possible, if for nothing else but good advice from experts in the field.

    MAKE MONEY! No problem is insurmountable in business if you are making money.
     
  4. the mad hatter

    the mad hatter Newbie

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    Great feedback :)

    Thanks!
     
  5. sddk

    sddk Junior Member

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    Taxes for small IM activities too !!!

    Next time, you'll pay taxes because you're breathing

    And the taxman will say: if you don't like to pay, DON'T breath :D