taxes

3 Tips to reduce your tax liability next year

3 Tips to reduce your tax liability next year

Many of us are trying to get away from the norm and take control of our own life. We are focus on being our on boss. One thing I want to do is not only be the boss but stay the boss. It is absolutely amazing how many are taking control of our life, future and finances. One thing we want to make sure of is that we are not just doing it because that is what everyone else is doing. A business without a plan will fail. 

The internet has made it easier for many of us to start our entrepreneur journeys. Quick sales and fast money through mentoring, coaching, consultants. These overnight profits are left not managed with no plan. 

Distractions are Set Backs

Distractions are Set Backs

You know one thing I promised myself was to stay focus. To stay focus on my end goal. You see, what I do now is just the beginning. I love accounting and bookkeeping. It is what I do to earn money. But it is still considered earn revenue. This revenue is still in the 25% - 60% tax bracket. I have not reach my end goal until my earned income is CONSISTENTLY turned into residual income. Of course I have a full action plan  but sometimes that plan can be interrupted.  I know it takes time, effort, discipline and patience.