To understand the gap between the rich and the poor, we must examine the history of taxes. At one point in history, there were no taxes. From time to time taxes were levied in order to fund the wars.
The idea of permanent income tax was adopted early 1900s and only imposed on the rich. This idea became popular and was accepted by the majority as a punishment to the rich. It was later voted to become the law and constitutionally legal. But now, instead of punishing the rich, taxes ended up punishing the very people who voted for it. The government’s appetite for money grew and soon regular taxes were imposed on the middle class and kept trickling down towards the poor.
However, the rich don’t play by the same set of rules. The rich know about the power of corporations, which is their greatest secret. Corporations have allowed the rich to accumulate massive amounts of tax-free wealth at zero personal risk.
Most people think a corporation requires a group of people, but the reality is a corporation is nothing more than a few legal documents that form a legal body without a soul. So, a corporation is not a real thing. It’s only real in the eyes of the government. Corporations enjoy massive benefits when it comes to paying taxes and accumulating wealth. This opportunity widens the gap between the rich and everyone else.
The good news is that anyone can start a corporation. This knowledge can get you out of financial stress and into a life of freedom. Don’t use “ignorance” as an excuse to not become wealthy.
If you are tired of the turnover, hiring, and training, outsourcing your bookkeeping might be the solution. More and more business owners prefer a full virtual service that will grow along with their company no matter where they are geographically located. Using all the advantages technology and cloud computing has to offer is a sure sign of a modern bookkeeping service that is ready and able to go into the future with you.
Today, the accounting industry is changing, and cloud technology facilitates the outsourcing of an entire accounting department that is completely off-site but still connected to the business on a real-time basis. It’s the ideal means for collaboration, sharing data, listening, making decisions, and getting advice — all in real time. You can transfer files and information from wherever you are. You no longer have to keep all of your receipts and take them to the bookkeeper at the end of the month or the end of the year. You can scan, email, and send receipts to file and store in the cloud, allowing your bookkeeper to access them at any time.
Our day-to-day processing, full cycle of bookkeeping includes:
The benefit of outsourcing the bookkeeping services are: