{"id":10618,"date":"2019-12-03T19:00:59","date_gmt":"2019-12-04T00:00:59","guid":{"rendered":"https:\/\/henekawatkisporter.com\/?p=10618"},"modified":"2024-08-15T19:25:25","modified_gmt":"2024-08-16T00:25:25","slug":"taxation-and-the-entrepreneur-with-richard-lavina","status":"publish","type":"post","link":"https:\/\/henekawatkisporter.com\/taxation-and-the-entrepreneur-with-richard-lavina\/","title":{"rendered":"Taxation and the Entrepreneur, with Richard Lavina"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">Richard is the CEO and co-founder of consumer, small business and enterprise SaaS accounting-tech company Taxfyle, founded in 2015. Prior to this, Richard worked for PricewaterhouseCoopers as an auditor, so he has much accounting experience.<\/span><\/p>\n\n\n\n<iframe frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm\/?e=MPNL7009535340\" width=\"100%\"><\/iframe>\n\n\n\n\n<p><span style=\"font-weight: 400;\">Show Notes<\/span><\/p>\n\n\n\n<p><b><i>&#8220;The difference between tax avoidance and tax evasion is the thickness of a prison wall.&#8221; &#8211; Denis Healey<\/i><\/b><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">It is said<\/span><span style=\"font-weight: 400;\">,<\/span><span style=\"font-weight: 400;\">&#8216;there are two things in life that are certain, death and taxation&#8221; so there is no getting around taxes. Although it sometimes appears to be a curse word, taxation is necessary and contributes in a big way to the functioning of society.<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Richard Lavina is an accounting expert and shared his expertise on The Entrepreneurial You podcast.<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Incorporation<\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">\u201cIt all starts with your type of <a href=\"https:\/\/henekawatkisporter.com\/episode-069-become-an-accounting-savvy-entrepreneur-with-atiya-brown\/\">incorporation<\/a>. If you want to get into business, you want to make sure you incorporate, that way you have an entity with some protection in terms of liability from yourself. You could go out into the world and start your own business as an independent contractor and have everything flow through. Personally, there&#8217;s nothing wrong with that. However, the first thing you want to do is actually incorporate and the type of incorporation that you need depends on the type of business you want to run. I have a big investor pool. So therefore, I set up a C Corp, which is kind of like those companies that you see on Wall Street where you sell stock to individuals and they buy into your company.\u201d<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">&#8212;-<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><b>Hot Point: <\/b><span style=\"font-weight: 400;\">Understand the type of business you are going in and determine the structure that is right for you.<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Please share it with a friend. Nothing helps me grow and improve the show more than personal recommendations from people who enjoy it.<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">If you&#8217;re really enjoying the show and want to directly contribute to its growth, please consider becoming a patron by donating here (<\/span><a href=\"https:\/\/glow.fm\/tey\"><span style=\"font-weight: 400;\">https:\/\/glow.fm\/tey<\/span><\/a><span style=\"font-weight: 400;\">). Patrons get the following great benefits:<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">For $5 or more per month, I&#8217;ll email you random surprises every once in a while, including photos of me out and about, family pics, etc that aren&#8217;t for the general public.<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">For $10 or more per month, you&#8217;ll get all of the above, random surprises + photos and all, plus personalized video shout out. FUN stuff!<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Stay inspired!<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><b>Connect with Richard Lavina<\/b><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><a href=\"http:\/\/www.taxfyle.com\/\"><b>Website<\/b><\/a><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><b>Visit our Sponsor:<\/b> <a href=\"https:\/\/www.jamstockex.com\/\"><b>Jamaica Stock Exchange<\/b><\/a><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><a href=\"http:\/\/henekawatkisporter@gmail.com\/\"><b>Email: Heneka Watkis-Porter<\/b><\/a><b>&nbsp;<\/b><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><b>Become a patron by donating here (<\/b><a href=\"https:\/\/glow.fm\/tey\"><b>https:\/\/glow.fm\/tey<\/b><\/a><b>). Patrons get great benefits.<\/b><\/p>\n\n\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Richard is the CEO and co-founder of consumer, small business and enterprise SaaS accounting-tech company Taxfyle, founded in 2015. Prior to this, Richard worked for PricewaterhouseCoopers as an auditor, so he has much accounting experience. Show Notes &#8220;The difference between tax avoidance and tax evasion is the thickness of a prison wall.&#8221; &#8211; Denis Healey [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[255,48,527],"class_list":["post-10618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcast","tag-accounting","tag-business","tag-taxation"],"_links":{"self":[{"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/posts\/10618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/comments?post=10618"}],"version-history":[{"count":0,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/posts\/10618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/media\/10583"}],"wp:attachment":[{"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/media?parent=10618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/categories?post=10618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/tags?post=10618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}