How Business Owners Can Take Steps To Recession-Proof Their Income

is a High-Performance Coach and Business Mentor, and founder of The Foot Traffic Formula who helps purpose-driven entrepreneurs break through their challenges, operate at their highest potential and create self-sustaining businesses. Stacy works with many CEOs who take little to no salary in the first years of running a business.Conversely, some entrepreneurs take too much of the business’s revenue for themselves, resulting in difficulty in growing the business.

The underpaid and overworked entrepreneur scenario is often the case for many. Figuring out how to pay yourself can be overwhelming to some business owners when income can be unpredictable. But you still need to pay yourself to meet your personal financial obligations such as rent/mortgage, food, utilities, and other required bills.

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High-Income Business Owners Escape $10,000 Tax Deduction Cap Using Path Built by States, Trump AdministrationCongressional Democrats are debating whether increasing the $10,000 cap on the state and local tax deduction would benefit the rich too much. More than 20 states have created workarounds to the limit, and New York’s law firms and private-equity firms are signing up. Looting. How do you think most of these rich people got rich. It was not true hard work and perseverance. It was not treating your employees with respect and trickling down the tax breaks and stock breaks these business people got. It was by cheating and/or breaking the law. Want to sell your products on USA Amazon, Ebay or Etsy? We can incorporate a US LLC ir INC for you within 48 hours
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