“Removing Roadblocks on Your Path to Success”
Taxes are a subject that many small business owners put off until the very last minute, which may result in paying higher taxes than you would normally be required. One of the reasons that businesses fall short in their tax strategies is a lack of preparation. They fail to seek knowledge or advice prior to engaging in any activity with tax ramifications, which can be a costly mistake.
Since taxes can represent a large expense for the entity, it’s critical that you properly plan ahead of time to minimize the tax liability. Do you know what deductions you qualify for? Learn 10 Ways Your Small Business Can Deduct Over $513,000 on Taxes, with this knowledge in hand you’ll be able to determine the maximum amount you can deduct from your taxes under the listed filings.
Once you’re aware of the different deductions available to you, you may be wondering if this is something you want to handle yourself, or if you want to outsource to a Tax Professional or CPA. There are many other questions that you may have when planning your tax strategy, so looking for help from an expert in the field is always recommended. Searching for a Tax Pro will involve a few steps, such as finding those professionals, verifying their qualifications, and checking their backgrounds for any signs of misconduct. Discover a few tips on finding a tax professional and preliminary questions you should prepare beforehand on our full blog post.
If you like to speak to one of our Accounting Professionals or would like referrals to CPA’s in your area please contact us for a Free Consultation.
SAVE THE DATE: Join us for our next Marin Business Forum on Thursday, April 3rd.
Our next speaker, Robert Eyler, will provide an overview of the national and regional economies, give an update on economic developments in the Bay Area and talk about the impact that reduced water supply and possible policy measures may have on small businesses in Marin County.
We look forward to seeing you there!
Until next month, we wish you the very best and much success in your business.
March 2011 Newsletter
This newsletter is intended to provide generalized information that is appropriate in certain situations. It is not intended or written to be used, and it cannot be used by the recipient, for the purpose of avoiding federal tax penalties that may be imposed on any taxpayer. The contents of this newsletter should not be acted upon without specific professional guidance. Please call us if you have questions.
Copyright 2014, Pacific Crest Group, All rights reserved.