Year-End Tax Prep for S-Corporations

Year-End Tax Prep for S-Corporations

https://youtu.be/7FSzuG0l0PY There are specific steps you can do at the end of the year to legally reduce your company’s tax liability. As long as the tax reduction is greater than the value of the time and money you put into these steps, it can be great for your bottom line! Indeed, some deductions were specifically put into place by the government in order to incentivize small business owners. Many business owners go on a shopping spree at the end of the year in order to reduce their taxes by taking business expense deductions on what they buy. A few things…
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December 31st is Coming Up. Do I Need to Spend Any Money?

December 31st is Coming Up. Do I Need to Spend Any Money?

https://youtu.be/enuzMvlmRko December 31st is just around the corner. Before you ring in the new year, it’s time to go on that epic last-minute shopping spree so that you can maximize your deductions! … right? Let’s lead in with a piece of accounting wisdom, and then we’ll unpack it below: The key is to maximize your after-tax profit, not minimize your taxes. Maximizing Your After-Tax Profit Let’s use a basic example to show how all of this works. You have spare money in your business checking account, and you really want (but don’t actually need) to upgrade your office coffee machine.…
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Flying the Coop together: Family Adventure Summit

Flying the Coop together: Family Adventure Summit

Today’s bonus edition of our blog is from Geoff, one of our Accounting Specialists. Do you like the movie Office Space, the TV show The Office, or any of the many shows about the absurdity of the 9-to-5 (or 8-to-6 as it seems to be these days) office worker lifestyle? The characters in these shows often find themselves wanting something more, but they feel powerless to do anything about it because they don’t know how to change. What if I told you that there’s a different path, a movement even, and that there are many friendly faces who are eager…
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