Hacker Timesnew | past | comments | ask | show | jobs | submitlogin

Next step: get an awesome accountant and start using that money to purchase anything and everything you could possibly write off. All that excess revenue will get raped by taxes.


No accountant can be awesome enough to write off much more than what is truly a business expense. The ultimate rule is that everything written off must have business purpose.

Now, you'll only get in trouble if you get audited, but writing off things that shouldn't be written off will stand out.

The best way to shelter yourself from taxes is to invest the money and then pay taxes on a long term capital gain (which have historically been lower than ordinary tax rates).


Retained earnings (if that's what you mean by invest) are taxed as well.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: