ABC of Effective Tax Planning – Engineering
Jan/22/2020 10:29 Filed in: ABC's of Tax Planning
Today’s topic – Engineering.
Creating a tax plan for a business owner is very important. It can save on your taxes by having the proper tax plan in place. If your tax person is not asking you a lot of questions, especially about the details of your life, you may need a new tax person.
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.
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