Lets face it. Your taxes are probably your most significant expenses. Whether personal tax or business tax, it is money taken away from you. However, if you cannot see beyond your countrys border that confines your business, taxes are just a way of life. Taxes are a sunk cost. But why not consider an option to reduce or eliminate them altogether?

In the current global marketplace, this should not be the case. The world has changed dramatically, and its time your thinking changed as well. For online coaches and consultants, your online business does not confine within your countrys borders. So why should your taxes be?

In this article, we will explore how you can ultimately become tax-free and live your best life while attaining your financial freedom. We will dive into the world of Gun Hudson, who helps online coaches and consultants move their businesses and life offshore to become tax-free.

A brief about Gun Hudson

Gun considers himself as a Citizen of the Globe. He calls no particular country but the entire world his home. He is passionate about financial freedom. Through his business, Global Tax Freedom Gun is helping people achieve financial freedom and enjoy life. He believes that success is not tired to just a number but in the realization of financial, time, and location freedom.

So how exactly does Gun help businesses to become tax-free?

1. Lowering your personal and business tax

Generally, there are two ways that you are taxed: one based on where you live and two; based on where your business lives. But, lowering your business taxes is intricately connected to your personal tax and vice versa. It is essential to know the rules and provisions affecting your business and personal taxes before you make your move offshore. One of the key ways to lower your tax bill is to move your business to a country that charges a low percentage of tax or doesnt charge any tax. Several countries offer such opportunities, and Global Tax Freedom helps you to identify such opportunities that you can leverage on legally.

2. Investing your business profits to avoid taxes

One of the strategies to invest business profits back into your business is through tax deferment that becomes available to you when you incorporate your business offshore. Simply put, you get to defer paying any tax that might be due as long as you keep your profits in your business. It is undoubtedly a smart idea that any business can take advantage of such arrangements. For online businesses, you can invest the profits into your company for development, marketing, or other growth strategies. And you would be on the safe side of the law regardless.

What if you want to avoid taxes altogether?

The United States is one of the few countries that taxes its citizens on their income no matter where they reside. It is, therefore, correct that you then have fewer opportunities to pay zero tax. But for other countries, this is actually possible. Investing your business offshore is totally illegal. The truth is, an offshore company is nothing more than a legal entity in a country other than the one you currently operate. In fact, some of the biggest brands like Amazon, Google, and Apple, have Incorporated offshore companies to save themselves a lot of money and to grow their businesses and their terms. With an offshore company, you are in control of your business and can lessen your tax burden, gain more privacy, and potentially have less paperwork to deal with at the end of the day. For US citizens, you can benefit by operating the business offshore, through the Foreign Earned Income Exclusion act. The law stipulates that you can take out up to $102100 tax-free if your offshore business does not have US employees, offices, or sourced income.

Online businesses are an excellent fit for an offshore corporation because they can operate anywhere. Technically with an overseas company, you can process payments in one country, host your website in another, keep your accounting records in a third, and pay low tax in a fourth. Global Tax Freedom company helps you to do the due diligence required before you jump.

Connect with Gun Hudson to learn more here.

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How Gun Hudson is Helping Online Coaches and Consultants Move their Businesses and Life Offshore to Become Tax-Free - London Daily Post