Reducing your income tax expenses is a key component of profit maximizing. Remember your bottom line is your profit after income taxes. Unfortunately, very few business owners do anything to reduce their income tax bill. Most business owners assume that all they have to do is turn their records over to their tax-preparer and their job is done. Then they complain when they owe the IRS up to half of their profit.
The truth is the smartest business owners focus on finding legal methods of reducing their tax hit. These business owners pay a much smaller percentage than the average business owner.
In this video I discuss the five things smart business owners do to legally lower their tax bill.
C’mon over to the Small Business Profit Maximizer Facebook page at https://www.facebook.com/BusinessProfitMaximizer/ where I am sharing business profit maximizing moments that you can use to quickly increase you can double, triple or even 10X your bottom line while creating a more hassle free business. Be sure to like the page and follow it so you will be notified when I am live and can ask questions live..
Be sure to check out my blog, “Small Business Profit Maximizer!” Where I share these videos and other ideas you can use to make this your most profitable year ever! Click https://wjb-cpa.typepad.com/ to go to the blog page. .
As a gift to you for watching and following my videos, go to https://profitmasters.mykajabi.com to access the following free courses that will help you increase profits and your bank account balance:
- Double Your Business Profits in 30 Days!
- Turn to Your Customers When You need Cash Now!
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Finally, if you have a question or wish to talk to me you can email me at Wayne@wjb-cpa.com or call my office at 915-857-8158. .
Thanks so much and let’s make this our most profitable ever!