Difference between revisions of "Workshop 7 - Tax Planning"

Revision as of 18:45, 22 January 2014

How are taxes related to sustainability?

Government is part of the ecosystem in which our businesses exist - it can't be ignored.
If money is being exchanged, then the government will require some share of it in order to fund itself.
Like them or not, taxes should be thought of as one of healthy relationships we seek to establish within our ecosystem.
Many talented people with well run businesses run into tax problems, and these problems can be the reason your business goes down. We need to deal with taxes in a healthy way, care for our business's tax relationship.

How can we avoid the land mines in tax world?

Start by identifying the different types of taxes, and then providing a calendar of important tax dates.

Types of taxes:

You can access the Tax Planning Worksheets, by Bob Weins and Rich Miller used in this workshop.

@@ Line 4: / Line 4: @@
 * '''Government is part of the ecosystem''' in which our businesses exist - it can't be ignored.
 * If money is being exchanged, then the government will require some share of it in order to fund itself.
-* Like them or not, taxes should be thought of as one of healthy relationships within our ecosystem.
+* Like them or not, taxes should be thought of as one of healthy relationships we seek to establish within our ecosystem.
 * Many talented people with well run businesses run into tax problems, and these problems can be the reason your business goes down.  We need to deal with taxes in a healthy way, care for our business's tax relationship.