Andrew Carroll:
Subtract your expenses from your revenue. That’s your profit. Pay tax on that.
Now, if you want to pay even less tax, it helps to have someone that can help you. Like me. But, you do not need that. And if you are scared of using someone because you are embarrassed to show up with your shoe box, now you know how to do it like a pro.
I called Andrew with nothing but a spreadsheet and lots of questions. This is my first year operating a business, and he walked me through everything, suggesting changes and better ways to do things. I never once felt talked down to or like I wasn’t being heard. I never knew taxes could be so pleasant, honestly.
If you’ve got a small business like mine (or are a powerful mogul), drop Andrew a line. You won’t be sorry.