Ensure you're maximizing your tax benefits with effective record-keeping practices! Keeping meticulous records is crucial for substantiating your deductions and credits during tax season. Accurate documentation not only supports your claims but also streamlines the process, ensuring you claim everything you're entitled to, from business expenses to charitable contributions. Whether you prefer digital or physical records, finding a system that works for you is key to staying organized and prepared for potential audits. Don't wait – start keeping thorough records today to secure your financial savings and peace of mind. #TaxDeductions #TaxCredits #RecordKeeping #FinancialPlanning #MaximizeSavings
Shaunna Bobrow’s Post
More Relevant Posts
-
🚨 Year End Tax Planning Tip 🚨 Tip # 2. Defer Income and accelerate deductions If you expect to be in the same or a lower tax bracket next year, consider deferring your year-end bonus or postponing income to potentially reduce your tax liability. Another strategy to think about is accelerating deductions, such as charitable donations or medical expenses, to lower this year's taxable income. A little planning now can save you a lot later! Always consult with a financial advisor or tax professional to ensure this approach aligns with your overall financial goals. #YearEndTaxTips #TaxPlanning #WealthManagement #FinancialStrategy #SmartMoney #IncomePlanning #TaxBracket #FinancialAdvisor
To view or add a comment, sign in
-
Business owners often have plans of giving back once they sell their business and get ready for the next phase. But the planning for that shouldn't begin once the business is sold! You could save on capital gain taxes and thus keep more for the giving by properly setting up a contribution of a portion of your business before you sell it. This means you can realize and devote more value from the company toward your charitable dreams. Let's talk about it. Disclosure: Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
To view or add a comment, sign in
-
Stay organized and stress-free with meticulous expense tracking! Keep records of all expenses, including deductions for charitable contributions, medical bills, and business costs. An efficient filing system ensures a smooth tax filing process. #FinancialTips #TaxPreparation #RecordKeeping #AmericanTaxCo #AFirmThatFeelsLikeFamily #RMUC24 #PalmSprings #PropertyManagement #Networking #Innovation #RentManager #CareerGrowth
To view or add a comment, sign in
-
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! tinyurl.com/3kcdzt8h #Tax #Wealth #businessstrategy #moneygoals #moneymotivation #entrepreneur #accountingtips #accountingservices #bookkeepinghelp #virtualbookkeeping #bookkeepingservices #smallbusinessbookkeeping #bookkeepingforsmallbusinesses #cloudbookkeeping #taxes #taxtips #accountant #bookkeeper #strategy #business #CFO #business #finances #financialliteracy #profit #apexprofessionals
To view or add a comment, sign in
-
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 #Accounting #Bookkeeping #CloudBookkeeping #BusinessOwner #EntrepreneurLife #Entrepreneurship #SmallBiz #TaxTips
To view or add a comment, sign in
-
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 #Accounting #Bookkeeping #CloudBookkeeping #BusinessOwner #EntrepreneurLife #Entrepreneurship #SmallBiz #TaxTips
To view or add a comment, sign in
-
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 #Accounting #Bookkeeping #CloudBookkeeping #BusinessOwner #EntrepreneurLife #Entrepreneurship #SmallBiz #TaxTips #DetroitBookkeeper #DetroitAccountant #MichiganBookkeeper #MichiganAccountant #DetroitGirlFriday
To view or add a comment, sign in
-
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. Owning an incorporated business can allow you to keep funds within the company structure where there is preferential tax treatment. 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 #Accounting #Bookkeeping #CloudBookkeeping #BusinessOwner #EntrepreneurLife #Entrepreneurship #SmallBiz #TaxTips #serviceproviders #mooresvillebookkeeper #mooresvilleaccountant #mooresvillecpa #carolinabookkeeper #carolinaaccountant #carolinacpa #everylastcentllc #every_last_cent #every-last-cent #www.everylastcentllc.com
To view or add a comment, sign in
-
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 #Accounting #Bookkeeping #CloudBookkeeping #BusinessOwner #EntrepreneurLife #Entrepreneurship #SmallBiz #TaxTips #smalltownusa #sequimbookkeeper #sequimaccountant #washingtonbookkeeper #washingtonaccountant #authenticaccounting #authenticbookkeeping #sequimwashington #clallamcounty #pnw
To view or add a comment, sign in
-
📂 Tax season doesn’t have to feel like digging through a never-ending paper trail. Let’s get you organized and ready to tackle it with confidence! Follow these simple steps: ✅ 𝗚𝗮𝘁𝗵𝗲𝗿: Compile all essential documents, including income statements (W-2s, 1099s), expense receipts, and records of charitable donations. ✅ 𝗦𝗼𝗿𝘁: Organize documents into distinct categories such as income, deductions, business expenses, and credits. ✅ 𝗟𝗮𝗯𝗲𝗹: Utilize clearly labeled folders or reliable digital tools to maintain a structured and accessible system. ✅ 𝗧𝗿𝗮𝗰𝗸: Create a comprehensive checklist of required documents and monitor deadlines to ensure timely preparation and filing. 🔍 Not sure if you're doing it right? Let COR Tax & Bookkeeping help you navigate the process and stay stress-free this tax season! 🔗 https://lnkd.in/gFcMg5SF 📅 https://lnkd.in/gA2ZvnXd #CORTaxAndBookkeeping #TaxOrganization #TaxSeason #FinancialPrep #StayAhead #TaxFiling
To view or add a comment, sign in