Collective

Moving to a state with zero income tax sounds like an easy win, but leaving high-tax states like California or New York is harder than just updating your address.

If you do not properly cut ties, state tax agencies can audit you and claim you never actually left.

Key traps to avoid:
Domicile: States look at where your real life is based—including bank accounts, property, driver licenses, and where you spend time

The 183-Day Rule: Spending more than 183 days in your old state can make you a statutory resident for tax purposes

Hidden Costs: States without income tax often make up for it with higher property taxes, sales taxes, or business fees

“Everything is a gamble” 🎲

When building something new, the line between optimism and delusion is razor-thin. Collective CEO Hooman Radfar breaks down how he stays disciplined when taking massive bets, and why relentless belief is essential for founders.

Calculating the home office deduction. Here is how to write off rent and utilities as a solopreneur.

The single habit that delivered our CEO Hooman’s biggest ROI wasn’t a 4 AM wake-up call or a complex strategy, it was something much simpler.

Watch the full clip to see the daily habit that changed everything.

What’s the one daily habit that gives you the highest return on investment?

Are client meals tax deductible at the client’s location?

To write off a meal with a client at their location, just make sure:
You discuss business
You (or an employee) are actually there.It’s not lavish or extravagant
You keep the itemized receipt and log who you met with!
Bonus- the mileage to get there is deductible too

There’s a huge misconception that you can just run a single lump-sum payroll at the end of the year. While the IRS doesn’t set a strict frequency, they do require S Corp owner-employees to pay themselves a reasonable salary regularly throughout the year.

If your income is seasonal or unpredictable, a monthly payroll is a great middle ground. But the safest bet? Set a recurring, year-round cadence (like bi-weekly or monthly) and stick to it.

Thinking about writing off your pet’s vet bills? 🐈

While it is possible under very specific IRS rules, your dog snoring next to your desk or being a “morale booster” doesn’t count as a business expense

For an animal to qualify as a tax deduction, they usually need to have a direct, ordinary, and necessary job (like a guard dog protecting inventory or a barn cat for pest control), or be a certified medical service animal