Wealth Academy Podcast - Episode #50 - Paul Lawrence Vann On Entrepreneurs Getting Their End Of Year Taxes Ready

Taxes are the lifeblood of entrepreneurs and small business
owners. Understand your taxes and you will do well in business.
Having worked since the tender age of ten in his family's
community grocery store, Paul Lawrence Vann knows a thing or two
about business and taxes.


Paul took over 40 hours of accounting in college, he has worked
in the accounting department of a company, as a financial analyst
for a Fortune 500 company, and today he is an expert in business
and taxes.


As a reminder there are only a few days left in 2020, now is the
time for entrepreneurs to start gathering their bank statements,
invoices, account receivables, account payables, donations,
education, and training documents, and yes, statements from
virtual platforms invested in this year. The tax season is upon
us, so don't forget the business operating taxes you had to pay
for operating in a state as part of your business entity.


Paying your taxes is a must and a given because you operated your
business during this pandemic, state and local  taxes were
not part of the second stimulus bill, so help your local and
state entities this time around.


The best way to know if you're on the right track is to go to
your city, county, and state websites,  specifically the
comptroller's website, and see what the requirements are for the
tax year 2020 and  proceed accordingly, gathering your
physical documents, and the software you used throughout the
year, get them to your accountant and or lawyer, for legal issues
if needed.


It's a duty and responsibility for business owners to pay
 their taxes. Don't delay, get started on your taxes today.
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Host Paul Lawrence Vann


E-mail: info@paulvannspeaks.com


Office (800) 341-6719