Gambler1222 1 Posted January 18, 2021 Say you were to start doing a pay per head bookie website in a state where all online gambling is legal..... and it started out small but now you are on pace for 6 figure profit with 30 different players.. what to do about taxes? Everything is through Venmo and cash app 1 Share this post Link to post Share on other sites
therealwintersoldier 7,378 Posted January 18, 2021 2 minutes ago, Gambler1222 said: Say you were to start doing a pay per head bookie website in a state where all online gambling is legal..... and it started out small but now you are on pace for 6 figure profit with 30 different players.. what to do about taxes? Everything is through Venmo and cash app Think we need our tax dodger expert @Gkell727 on the case for you 1 Share this post Link to post Share on other sites
ColourMeUp 1,978 Posted January 18, 2021 32 minutes ago, Gambler1222 said: Say you were to start doing a pay per head bookie website in a state where all online gambling is legal..... and it started out small but now you are on pace for 6 figure profit with 30 different players.. what to do about taxes? Everything is through Venmo and cash app Launder it into crypto, fuck tax 1 Share this post Link to post Share on other sites
Guest andywilliams1187 Posted March 12, 2021 On 18/01/2021 at 16:34, Gambler1222 said: Say you were to start doing a pay per head bookie website in a state where all online gambling is legal..... and it started out small but now you are on pace for 6 figure profit with 30 different players.. what to do about taxes? Everything is through Venmo and cash app Speak to an accountant who can advise - not one of the ones advertising in your local paper or who has a big glamarous office. You want one of the ones who looks after people properly; they usually drive non-descript cars and dont brag about their wealth so they are always unde the radar. My old one used to drive a Fiat Punto hahaha. If your unsure, speak to a couple of self-employed contractors, they usually know the best guys to go to whowill do all they can to ensure you keep the most of the money without getting a knock on the door from the taxman Share this post Link to post Share on other sites