- Okay we've been discussing income taxes,
lots of discussion about income taxes.
Let me give you some final advice.
In all countries, most people can calculate
and report their own income taxes.
their own income taxes.
Take a little time to study the system.
If you maintain good records, you can do it,
I know this for a fact.
In the 1990s, I lived in Hong Kong.
Every year I had to fill out a four page tax form,
half of it was in Chinese, but because I took
a little time and kept adequate records,
and kept adequate records, Iwas able to fill out that form.
I was able to fill out that form.
Hey, if I can do a tax form in Chinese,
then you can do your own tax form.
If you have a small business, it's my experience
that it may make sense for you to spend
a little money hiring a small business tax advisor
hiring a small business tax advisor
to help you structure your business in the most
in the most tax effective way
tax effective way and to help you identify
and to help you identify alllegitimate business expenses.
all legitimate business expenses.
Spend a little money, hire a tax advisor,
either a person or an online tax service,
that's what I do.
Hey, I'm an accounting professor,
but I still pay for expert advice using an online service
as I complete my own taxes.
That's what I suggest you do as well.
My final tax advice is this, be confident.
I'm confident that you have the understanding
to tackle most ordinary regular income tax issues.
Be confident, be strong, and also be engaged.
You now have a background understanding
in income tax theory and practice,
you are informed.
You can be engaged as people talk about
talk about income tax public policy.
income tax public policy.
You know about income taxes.
Feel free to register your opinion.
Be engaged.
Best wishes, good luck with your taxes.