ABC’s of Effective Tax Planning – Money

Today’s topic – MONEY!

What’s better than a free lunch? Free. Money. Well, in our case, pre-tax money. Tip #1 today – the key to tax planning is to spend as much as you can of your pre-tax money. Tip #2 – make sure to separate your business money from your personal money. Tip #3 – document your business expenses.

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ABC’s of Effective Tax Planning – Loans, Losses, and Leases

Today’s topic – Losses, Loans, and Leases.

Are you categorizing your loan, loss, or lease correctly? Check out these helpful tips on how to save yourself on your tax returns!

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ABC’s of Effective Tax Planning – Kids

Today’s topic – Kids.

Do you have a child older than 7? You can hire them to help with your business and pay them as a way to save for their future!

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ABC’s of Effective Tax Planning – Job

Today’s topic – Job.

Are you a business owner who also has another job or wants to hire your child in your business? Check out these tips on how to use these jobs in your tax strategy.

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ABC’s of Effective Tax Planning – Interest

Today’s topic – Interest.

Many business owners forget that some their business assets have interest that can be claimed on their tax returns. These interest payments can make a huge difference for business owners, especially sole proprietorships. It’s in your best interest to claim the interest.

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