Episode #51: Set Up Your Toy Business For Tax Success with Margie Montes
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Are you thinking about starting your business in the toy industry but stumped about how to set it up when it comes to taxes? Navigating tax protocols as a new business owner can be confusing and intimidating, but our special guest today will shed valuable light on what you need to know to set yourself up for tax success.
Meet Margie Montes, who not only works on Wall Street as a senior bookkeeper but also owns her own accounting business dedicated to helping small businesses grow and thrive. She’ll explain the 5 different types of business entities to establish yourself as, the distinct advantages and tax breaks for each type, how working with a payroll service can help you run things smoothly, where to look for deductions, and much more. Take a listen and be prepared to understand taxes a lot better than you did before toy people.