Tax Planning Strategies You Should Consider before the year is up We know how you like the quick and dirty versions, so we won’t be long winded or technical. Here are a few things to consider when planning to take advantage of the tax code. Deferring Income – In the simplest of explanations, this is postponing income until next year. Maybe that means asking that…
Are you so sick of paying taxes? Have you or someone you’ve heard say things like: I’m sick of paying taxes! I cannot believe how much I have to pay the IRS this year! I don’t get how I owe so much based on how little I feel like I’m talking home! It’s a little known fact that these negative feels around taxes (which the…
Good News – You know a Tax Genius with the Best Tax Strategy that’s AUDIT PROOF Today I want to talk to you about something that will have you grin from ear to ear. It’s not something cheesy. And you know how we avoid the fluffy tax strategy sandwiched with sexy words to make it sound better than it is. Today is no different. It’s…
A Strategy You’ll Want to Use Right Away – The Business Presentation Expense So at this point you’ve probably heard at least some of the tax law changes with this big TAX REFORM. And if you’ve read what we put out in our community you’ve heard all the big changes that apply to you in your situation. I know reading up on “taxes” is nothing…
I do hope you have found something of value in these posts. This is our last one on tax reform changes. Cash Method of Accounting I admit this topic relates to a smaller portion of business owners, but it deserves a quick mention. Before, a business that does more than $5 million in revenue would need to file their taxes on the “accrual” method. After,…
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