
Thursday Sep 05, 2024
3 Tax Basics For Online Entrepreneurs with Joshua Thompson
Key points:
- Understanding Nexus: Learn when you're subject to taxes in different states
- 1099-K reporting: New $5,000 threshold and potential double-counting issues
- LLC vs S-Corp: Pros, cons, and when to consider switching
Joshua's rule of thumb: Consider S-Corp at $80,000 net income
Get expert tax advice for your online business!
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