CHASE EASON & ASSOCIATES INC.’s Post

As a small business owner, one of the most powerful ways to reduce your tax burden is by strategically maximizing your deductions. Whether it’s business expenses like office supplies, equipment, or even travel costs, there are numerous opportunities to save. In addition, charitable donations, home office deductions, and retirement contributions can all play a role in lowering your taxable income. Early planning is key—by reviewing your expenses now and tracking them throughout the year, you can ensure you’re capturing every possible deduction to reduce your overall tax liability in 2025. Ready to take control of your taxes and maximize your deductions for 2025? Let’s start planning today! 📈 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝘆𝗼𝘂𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆. https://lnkd.in/eE4uvHbw #taxdeductions #maximizeyourdeductions #savemoney #taxstrategy #planahead #businessgrowth #smallbusiness #2025taxplanning #entrepreneurlife #taxsavings #sharoneasoncpa #chaseeason #CPA

Things to think about as we near year-end... AND things that I help my planning clients with: Should you do a Roth conversion? How does your withholding look compared to how much you're projected to owe? Will you be itemizing or taking the standard deduction? Should you consider bunching your charitable contributions? Should you consider gifting more money to your family? Are there gains or losses you should harvest in your portfolio? Do you need to fund a 529 before year-end to get the state tax deduction? Do you need to reimburse yourself for qualified education expenses from a 529 before year-end? Are there any business purchases you should pull into this tax year? Have you used up your FSA through work? While most of these include investment conversations, they ALL have to do with taxes. Make sure you work with someone who understands your tax situation and how to take advantage of the law.

📅 Last-Minute Tax Tips: Maximize Your Deductions Before Year-End! Hi, I’m Tiffany from Washington & Co Inc., here to help you make the most of your taxes as 2024 comes to a close. Here are some quick actions to reduce your taxable income: Charitable Donations: Give to qualified charities and be sure to keep proper documentation. Retirement Contributions: Contribute to your IRA or 401(k) before the deadline to maximize savings and lower taxable income. Business Expenses: Prepay business costs or invest in essential tools and equipment to take advantage of deductions. These small steps now can lead to significant tax savings when filing in 2025. Need help with last-minute tax strategies? Washington & Co Inc. is here for you! For help, visit: https://hubs.li/Q02YBwhS0 #TaxPlanning #YearEndTips #WashingtonAndCo #CharitableDonations #BusinessExpenses

📅 Last-Minute Tax Tips: Maximize Your Deductions Before Year-End! Hi, I’m Tiffany from Washington & Co Inc., here to help you make the most of your taxes as 2024 comes to a close. Here are some quick actions to reduce your taxable income: Charitable Donations: Give to qualified charities and be sure to keep proper documentation. Retirement Contributions: Contribute to your IRA or 401(k) before the deadline to maximize savings and lower taxable income. Business Expenses: Prepay business costs or invest in essential tools and equipment to take advantage of deductions. These small steps now can lead to significant tax savings when filing in 2025. Need help with last-minute tax strategies? Washington & Co Inc. is here for you! For help, visit: https://hubs.li/Q02YBGhX0 #TaxPlanning #YearEndTips #WashingtonAndCo #CharitableDonations #BusinessExpenses

Want to know more about maximizing your tax deductions? 🤔 As a tax preparation specialist, I use these strategies to help clients save on taxes and keep more of their hard-earned money. Here’s the nitty-gritty with everything you need to know, whether you’re just starting out or are a tax-planning veteran: 👉 Maximize deductions by tracking all expenses, including overlooked ones like home office costs, mileage, and even some meal expenses if you’re a business owner. 👉 Take advantage of retirement contributions. Contributing to an IRA or 401(k) not only builds your future savings but can also reduce your taxable income. 👉 Don’t forget about charitable contributions! Donations—both cash and items—can often be deducted, so keep those receipts handy. Have anything to add? Comment it down below for other tax-saving pros to see! #TaxTips #SmartDeductions #TaxPlanning #FinancialFreedom #KeepMore

Here are three overlooked tax savings strategies to consider as a business owner. 1. If you run your business from home, you may be eligible to claim a portion of your household expenses, such as rent, utilities, and internet. 2. The tax benefits of eligible charitable donations are available and you may earn tax credits which can lower the amount of tax you owe. 3. Open a HSA (Health savings account). The amount you contribute to an HSA is tax-deductible. Always consult with a tax professional to advise you on money saving strategies that will fit your specific tax situation. Whichever tax strategy you embark on, don't do it alone! Get the best advice available from your tax professional before you make a move. Book a call today! Schedule a Discovery Call Today at https://lnkd.in/g-kbMXp8.

😯 3 common documents to collect for the 2024 tax season It's essential to start preparing for tax season early so you're not scrambling last minute to find the right documents. Begin by gathering key documents like T4, T4A income tax slips and T3 investment slips to ensure a smooth filing process. Don't forget to keep track of deductible expenses, including receipts for charitable donations, medical expenses, and business-related costs. By staying organized and proactive, you can maximize your deductions and minimize stress when April rolls around. Let's kick off tax season 2024 on the right foot – start collecting those documents now! 💼💡 #TaxSeasonPrep #FinancialPlanning #GetReadyforTaxes

Here are three overlooked tax savings strategies to consider as a business owner. 1. If you run your business from home, you may be eligible to claim a portion of your household expenses, such as rent, utilities, and internet. 2. The tax benefits of eligible charitable donations are available and you may earn tax credits which can lower the amount of tax you owe. 3. Open a HSA (Health savings account). The amount you contribute to an HSA is tax-deductible. Always consult with a tax professional to advise you on money saving strategies that will fit your specific tax situation. Whichever tax strategy you embark on, don't do it alone! Get the best advice available from your tax professional before you make a move. Book a call today! Link in bio. #Tax #Wealth #Entrepreneurship #SmallBiz #TaxTips #TaxAssistAdvisors #douglasvillega

4 Top Tax Planning Strategies You Should Know! 💡💼 Looking to make the most of your tax situation? Here are four unique strategies to consider: Timing Your Income and Deductions: Shift income or expenses between years to optimize your tax bracket. Optimize Charitable Giving: Instead of cash donations, consider donating appreciated assets like stocks. Leverage Tax-Loss Harvesting: Offset your investment gains by selling underperforming assets at a loss. Utilize Retirement Contributions Wisely: Maximize contributions to tax-advantaged accounts like 401(k)s or IRAs. Need more personalized tax strategies? Contact us today! 📞 Call: +1647-342-6726 🌐 Website: https://lnkd.in/eptEQyDk #TaxPlanning #BBScPA #FinancialSuccess #TaxStrategies #CharitableGiving #RetirementPlanning #InvestmentTips #Bookkeeping #Bookkeeper #Bookkeepingservices #CorporateBookkeeping #BookkeepingPackages #VirtualBookkeeper

Here are three overlooked tax savings strategies to consider as a business owner. 1. If you run your business from home, you may be eligible to claim a portion of your household expenses, such as rent, utilities, and internet. 2. The tax benefits of eligible charitable donations are available and you may earn tax credits which can lower the amount of tax you owe. 3. Open a HSA (Health savings account). The amount you contribute to an HSA is tax-deductible. Always consult with a tax professional to advise you on money saving strategies that will fit your specific tax situation. Whichever tax strategy you embark on, don't do it alone! Get the best advice available from your tax professional before you make a move. Book a call today! #Tax #Wealth #VirtualBookkeeping #RemoteBookkeeper #BookkeepingPro #Bookkeeper #BookkeepingTips #CloudBookkeeping #BusinessOwner #EntrepreneurLife #Entrepreneurship #SmallBiz #TaxTips #bookkeepingNICHE #taxesNICHE #ITINNICHE #crandallbookkeeper #texasEbookkeeper #demoretaxservicellc