Or it might be just the thing you need to put a good lawyer on retainer and hire a decent accounting firm to set up the kind of production company your fans seem to want to exist. 58k is bread for a year, and at the end you muddle through your own taxes with that flunky from the H&R Block in the strip mall. 1.2M is a real company that has the chops to do it right. I'd say the audit causing personal ruin is more likely in the former scenario.
Comments
Or it might be just the thing you need to put a good lawyer on retainer and hire a decent accounting firm to set up the kind of production company your fans seem to want to exist. 58k is bread for a year, and at the end you muddle through your own taxes with that flunky from the H&R Block in the strip mall. 1.2M is a real company that has the chops to do it right. I'd say the audit causing personal ruin is more likely in the former scenario.