ABC’s of Effective Tax Planning – House

Today’s topic – House.

As a business owner who has a home office, do you write off your office space? The IRS will not flag your home office if you’re a Schedule C or Sole Proprietorship. If you’re a corporation, you can rent your house or home office to your business. Anything you can do as a deduction and save money on your business taxes is a really good thing to do. It’s all about the small details that add up to a bigger number.

Having your business grow is amazing and tricky at the same time. Nothing eats cash faster than growth. Growth should be factored into your tax plan so you can invest back into your business. Each tax plan should be individualized for each situation, not many business owners truly understand this and end up paying extra in taxes that could have been invested back into the growth of their business. If you don’t know your numbers, you don’t know your business.

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Peter Holtz is a Certified Public Accountant with over 40 years of experience, and the active CEO of Peter Holtz CPA, a full-service accounting firm servicing large to small organizations. With a focus on Profits First Consulting, the team is focused on delivering detailed insights that help organizational leaders make the best decisions possible by having access to their real time numbers on the fly.

After surveying the landscape, Peter Holtz has created his signature S.N.A.P. system that helps Entrepreneurs, Business Owners, Executives, and Leaders to maximize their efforts through a detailed custom made solution that relieves the burden of late night tasking and an avalanche of administrative work. Set up a Free Initial Consultation Today

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