4 Tips for Managing Startup Taxes from Day One
Monday, December 31, 2018
Any high-tech entrepreneur who plans to postpone thinking about taxes until their startup is profitable needs to think again.
Taxes are part of doing business from day one, whether the company collects a dollar of revenue or not. Following are tips for making the process more successful and less painful.
1. Draw a distinct line between business and personal finances. It’s black and white. Entirely separate all business and personal revenue and expenses. Develop this mindset and discipline from day one.