by | Feb 11, 2021 | Income Taxes, Profit Maximizer Moment
It’s been over six weeks since the second stimulus bill has passed, and most people have yet to understand the entire scope of these changes. As we kick off the 2021 tax season, it’s important to understand the new tax breaks in the second round of stimulus. Your...
by | Mar 2, 2019 | Income Taxes, Profit Maximizer Moment
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...
by | Feb 7, 2019 | Income Taxes
My business clients always want to know how they can pay less in taxes. In this video I discuss what my smartest clients do to pay the lowest taxes allowed by law. C’mon over to the Small Business Profit Maximizer Facebook page at...
by | Dec 5, 2018 | Income Taxes
IRS audits are on the rise! It is vital that you "Play Defense" by having proper backup. Check out the TalkAccounting card as a way to easily track your expenses and simplify your accounting. Go to talkaccounting.com and watch the video for more information....
by | Nov 29, 2018 | Income Taxes
For tax years beginning after 2017, business taxpayers (other than C-Corporations) may be able to take the new Section 199A 20% deduction of their qualified business income. This means that you will only pay tax on 80% of your business income. For service businesses,...
by | Nov 27, 2018 | Income Taxes
Real estate has long been a popular investment. Rental properties, in particular, can be a source of income with many income tax benefits. In particular, real estate can provide a tax-deferred income stream due to the deduction of a non-cash expense called...
