Business entity selections are not only important for start-ups, but also for more mature businesses. The more complex a business gets, the more flexibility may be needed in order to maximize tax savings.
Tax Planning
Oh, December… this is easily my favorite time of the year and I hope that you also enjoy the holiday season as well.
Enjoy time with your loved ones and I hope you get to take a long vacation from work and business. But before you do this, I’ve prepared an early gift for you: 12 Money-Saving Moves Before December 31st.
Here are the 12 things you need to do before year-end…
Tax Planning
Everyone hates paying taxes. Everyone wants to pay less in taxes
Unfortunately, most business owners don’t know how to find tax-deductible loopholes, so they merely accept things as they are. Some business owners are already working with great CPAs who are amazing at preparing tax returns but don’t know how to help their clients minimize their taxes.
Cash Flow
Are you looking to cash out money from your 401(K)? In these uncertain times, the focus is on these two things: Cash Flow and Sources of Cash Flow. The Cares Act aka the stimulus bill includes great incentives for business owners, who need access to cash.
Business Tax, Business Deductions
If you are a travel enthusiast my guess is that you will be constantly searching travel sites to find cool places to visit, or you could be wondering why you never have time to travel and promise yourself that something will change soon.
