We need your input/advice. Last year we grossed over $289,000 in one of our businesses. And we hope to double or triple that number this year. The problem is we are doing business as a partnership and we paid a lot on tax.
So my question is for folks doing over 6-figures who live in America. How do you reduce your tax in your online business and what measures do you take to reduce this?
What states offer the best tax rates for online businesses and how to go about implementing this in our business.
Thanks in advance!