What do I need to do to avoid being accused of tax evation

Ok so lets say I work my butt off and starte making $20,000 pm, what will I need to do to avoid getting into trouble be it taxes and anything else legal

 

At $20k/mo, you should have an accountant doing your taxes.

You will probably want to form an S corporation so that you can more easily write off spending as business expenses.

And don't forget state taxes.

What state are you in?

 

set aside 35% of your income into a HSBC or other high-yeild savings account. then when tax time comes, you have all the money + interest

 

im 14 years old and have to pay taxes now

 

LOL Im in South Africa so I guess when I do reach 20K Il just get an accountant to do all that work, now off to make 20K+ .....

I heard this somewhere pay accountants good money to take care of your finances...Oh yeah rich dad

 

In that case, read up at the South African Revenue Service.

 

Thanks a lot Will Spencer for your help very much appreciated