Ideas To Save Money On Taxes
As a webpreneur (my new "title"), my goal with making money online is to find the best ways to keep that money invested into online ventures.
Many people think that I am cheap and I'll be honest when I say that for what I make, I don't spend a lot of it. I think of it this way: the less I spend, the more I can reinvest into ventures online.
If you're like me and like to calculate profit / numbers regularly, you can get a general feel for ABOUT how much taxes you're going to need to pay for this next tax period.
Now, the way I like to think about this is that I have a pool of money that is waiting to be sent off to my favorite place in the world... the IRS. The more I spend on tax deductible, valuable assets for the company, the more I get to dip my hand into that lovely pool.
It's either do nothing and spend all your money on taxes or invest it into assets and thus I have chosen assets.
So, as the year is coming to a close, it's always good to be on the lookout for great ways to lower your tax bracket down to as low as possible while building your company. I look forward to telling you all about what I will be purchasing!
There are some great places to look at valuable assets.
First, there is sitepoint.com. Site point marketplace is one of the largest places for you to purchase websites.
A word of caution however: Do not purchase arcades, photoshop tutorial sites, proxies, etc unless you know how to market these type of businesses. Additionally, you shouldn't purchase a site unless you're interested somewhat in the market... Otherwise the site will probably die off. Overall, I'd stay away from the "Start up" websites as I think they're just not that great of deals.
One other thing to think about when purchasing (Thank my girlfriends Dad for the wisdom): Why are these people wanting to sell the business? What skeletons are in their closet essentially... Where is the market going?
Next, there is Digital Point Forums. Known as the largest web master forum on the internet. The buy / sell marketplace is a great place to find good deals on domains, websites, and other things. Another great place to locate some great assets
.
Lastly, there is Sedo and DNForum. These two places are the top two places (that I can think of) to buy premium domains.
I like to think of domains as real estate. Because essentially... they are virtual real estate and what's the rule? Location, Location, Location.
Now... go buy something!
~JV
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