As a business owner, you definitely want to maximize your tax deductions. You can do this with expenses, or even a home office deduction.
Running a podcast is not easy, it requires a lot of dedication. It pays to have a partner who can keep you accountable.
The home office reimbursement is a potential tax strategy that a corporation or partnership can use in their accountable plan.
If you show up to your accountant or tax pro on the day your tax return is due or even a few days before, you’re likely too late to get it done in time.
This is a great time of the year for tax planning – because it’s PROACTIVE and well-timed. Make sure these tax-reducing ideas are on your radar for 2022.
One of the profit decisions business owners need to make is around vehicles. Should you buy a new vehicle or a used one? Can you buy a vehicle with all of your profit and get a tax deduction for it?