Chapter 135 Tax Evasion - A Necessary Skill for a Businessman
Link looked at the sign in the restaurant and confirmed that Harry was a.
What is the name of Link & Halli's Restaurant? He thinks it's better to have a casual party than a name.
Harry was in high spirits at this time, and when he saw Link staring at the sign, he patted him on the shoulder and said, "When this sign is hung up, I am as proud as you are." It turns out that I really started doing business. ”
Link smiled in surprise and said, "Isn't the pizzeria you ran before?"
"That's different. It was just a small shop with assets of no more than $300,000, and its income was not much more than that of going to work. And this is a chain of more than 10 million restaurants. It's only the first one, but it's obviously different. Before, I was just a small shopkeeper, but now. You know what? I feel like a CEO right now. ”
Thankfully, most of the guests Harry had invited hadn't arrived yet. Otherwise, you should laugh at what he said.
Fifteen million business still CEO?
Link laughed dumbly and said, "Okay, Mr. CEO!"
After delivering the beef from Link, Zstanka came out to the two of them, smiling and saying, "Are you going to greet customers outside the gate now?"
Harry smiled and replied, "Honey, we are looking to the future, you see how vast the sky is today, maybe this indicates that our business has unlimited prospects. ”
"Yes, although the skies in Las Vegas are the same almost every day. But I think you're right. Zstanka grinned and turned back to the store. She still has a lot of work to prepare before guests arrive.
Link and the others walked into the store as well. Link looked at Zstanka's back and said, "Zstanka is also here, what about your pizzeria?"
Harry seemed stunned for a moment, and said, "Didn't I tell you that my pizzeria has been transferred? It's just the right thing to pay for. He said and spread his hands and said. "Now that I'm fine, I feel like I've got a better job. ”
Link's heart moved slightly. He knew Harry had cut off all retreats. The pizzeria is the brainchild of Harry and Zstanka, and Link will not be unhappy if he runs the western restaurant and lets Zstanka continue to run the pizzeria. And now both of them have paid a lot for this western restaurant.
He smiled and said, "I support you to become a real CEO." ”
"I sure will. Do you know why I chose to open my first store in Entrepease?"
"Because of the retirement community here?"
"Yes. People here may not be able to tip as much as in other communities. But it's medium. This is in line with our business philosophy. ”
Link is right that Ente Price is a newly built community in recent years. Most of the community's detached courtyards have small swimming pools, which belong to the middle-class community, and the main residents are mostly retired elderly people. Less than 500 yards away from the western restaurant is the South Pole Casino, and the flow of outsiders is relatively large.
Although the large groups are secretive about the potential dangers of genetically modified foods, this does not prevent these middle-class people from worrying about the safety of genetically modified foods. They may have to eat those foods as a last resort. But for retired seniors, there will be more health-conscious. Western restaurants that only sell organic beef should be attractive enough to these people. And the elderly will know how to be kind to themselves.
It was with this in mind that Harry opened his first restaurant here. "Maybe your farm should develop some farming, such as fruits and vegetables, and preferably all of them are certified organic, so that our business will be better," he proposed. ”
Link thought about it too. If he can produce organic food, then their western restaurant will not have to bear the high cost of buying other organic food. Of course, he can only provide some vegetables at most, seasonings or whatnot, he can't help it. He can't be completely self-sufficient for a Western restaurant. That's not worth it, and it's not like nothing like that on the market.
"Link!" they were about to enter the door, when a voice came out from behind them calling Link.
Link and Harry turned around at the same time and realized that it was McCalli calling him.
McCully walked over briskly and smiled and said, "Harry, congratulations on your new store opening!
"Thank you. Harry smiled and shook his hand. "I thought it would be at least an hour before the guests came. I didn't expect you to arrive so early. Let's go in and have a drink?" McCully is Link's personal lawyer and is going to help Link file his taxes. And this western restaurant also belongs to Link's business, and he will definitely cooperate with him in the future, so Harry invited him to attend the opening ceremony. Link had three personal lawyers, and he certainly wouldn't hire just one.
McCully laughed and said, "I did come early. But I thought Link would have come early, so I came a little earlier. ”
Harry knew he had something to talk to Link about, so he said, "Then let's find a quiet place." ”
He took the two of them to a private room in a Western restaurant, and after pouring coffee, he said: "There is still a lot of work to be done before the store opens, and I can't let Ztanka be busy alone." Feel free to do whatever you want. ”
"Thank you, Harry. I have to say that this private room is very warm and comfortable. ”
"Thank you!" The decoration of the private room of the western restaurant is to have such an atmosphere. Of course, if you want romance, there are also private rooms with pale pink wallpaper, and you can have romance by lighting red candles in such private rooms.
After Harry closed the door and left, McCully got down to business: "Link, I'm looking for you specifically for your tax return. ”
"Do you want the original financial statements? I'll get them delivered as soon as possible. ”
"It's not just that. McCully said with a wry smile. "You know what. Your pre-tax personal income last year was $7.5 billion. For this alone, you will have to pay about $1.88 billion in individual income tax. But there aren't many items you can get a tax deduction for. There's too much tax to pay. ”
"That's a bit much. Link said with a smile. "But that can't be helped, can it?"
"Oh my God. McCalli chuckled. "That's $1.88 billion. Doesn't your heart hurt?"
Link laughed and said, "Anyway, if it didn't go through my hand, I wouldn't feel sorry for anything." He paused. "The tax on that money will be paid by Stoll Corporation. ”
McCully was stunned for a moment and said, "So, I don't have to think about the tax on that money?"
"Yes. You don't think about it. When he redeemed the funds, he told Fren that it was an after-tax payment.
McCalli: "Okay. That sounds like you really don't have to feel distressed. When there is too much money, it becomes a number, especially if the number never appears on your account. That's really not a distressing thing. McAly said with a smile. "Then my job is mainly to declare other income for you, and try to help you legally reduce taxes. However, I have to say that there were not as many tax reductions last year as there were the years before. The year before last, you had more investment projects, which allowed you to reduce your taxes a lot. ”
"If you don't have a lot of reduction, don't apply. Three state property taxes are enough to annoy you. ”
"Don't worry, I can take dozens of dollars from you every hour I work. Not annoying at all. McCalli said with a smile. "But I suggest you try to cut your taxes as much as you can. It's not possible this year, but it can be in the future. ”
Last year is behind us, and no matter how much Link does, he can't use this year's spending to offset last year's taxes.
"What do you have a good proposal?"
"The best way to cut taxes, of course, is to do charity. ”
"Give the money away?" Link frowned. Few of those so-called funds are genuinely charitable. He believes that if it weren't for the fact that he didn't donate some money and couldn't keep the name of the charitable foundation, those funds would never give even a penny.
"Yes. I suggest you set up a charitable fund. A portion of the income is then transferred to this fund each year. Since you control the funds, you can still use them for your business. It's just that you need to set aside a small part of it every year to do good deeds. ”
McCully looked at him and said, "You can learn about the philanthropic practices of those rich people. You can donate money to various universities. Not only will that keep you close to high society, but it will also make you more famous. ”
"Donate to the university?" Link was a little unimpressed. "I think those colleges probably have more money than I am. ”
"Haha, yes. Those schools don't have fewer assets than you. But 70 to 80 percent of the nation's philanthropic donations go to these universities, not to those who really need help. Because to donate to those in need, they also need to advertise to be known, and they don't have the opportunity to strengthen their relationships with celebrities from prestigious schools. Of course, those people usually choose their alma mater to donate. ”
"You know I didn't go to college. Link said. "But the idea of a fund is interesting. ”
McCully laughs, "It's not only interesting, it's good for you." He paused and continued. "Donating money to your charity fund is just transferring it from one hand to another, and you can not only enhance your social reputation. And there is no tax on this money. You can completely treat this fund as your own bank account, and as long as it is well managed, you can earn income every year. There is a great preferential policy for the taxation of the income of charitable funds. ”
"You're still young. But wealth is many. It is completely possible to prepare for the inheritance of property in the future. Yes, you don't have to pay taxes. And you know, for every $3 you donate, the U.S. tax law can make you pay more than one dollar less in taxes. ”
After listening to him, Link nodded and said, "After this individual income tax declaration is completed, you help me prepare the relevant procedures, and I will apply for the establishment of a charitable fund." ”
"No problem. Listen to Link listen to his own advice, McCully said with a smile. "I'll help you get what you need. ”
He paused and said. "Link. I have one more suggestion. ”
"You say. ”
"Your three farms look very bright. I advise you not to register as a business lightly. Although that will make your wine more marketable. "If it is produced by a company, the product is indeed more convenient to go to market.
But Link hadn't really thought about turning the farm into a business: "I don't want to pay those business taxes. ”
"That's what I'm trying to say. McAly said with a smile. "You know, the big landlords, who originally bought large tracts of land through their own companies, are trying to transfer the land rights to their own hands as much as possible. One of the reasons is that you don't want to pay business tax. Of course, the main reason is to keep the land in their own hands. Because the company is likely to be managed by someone else in the future. ”