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. Rate and review this episode on Apple Podcasts, we humbly request a 5-start rating so we can remain competitive in the entrepreneurship and business podcast category http://apple.co/3hb6QyY

Host Paul Lawrence Vann

E-mail: info@paulvannspeaks.com

Office (800) 341-6719