Episode 191: Smart Tax Strategies: Level Up Your Business Profits with Expert Insights!
Update: 2024-09-25
Description
Key Takeaways:
- Augusta Rule: Rent your home to your business for 14 days tax-free.
- S-Corp Benefits: Switching to an S-Corp may significantly reduce self-employment taxes.
- Year-End Tax Planning: Meet with tax professionals in early October and mid-December to plan for tax savings.
- Bookkeeping: Proper accounting helps avoid overpaying on taxes.
- Vehicle Deductions: Use mileage reimbursement for simplicity and savings.
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