Income tax is your single largest expense which you hope to reduce every year, but hope is not a strategy, so let’s plan. Advance planning can significantly reduce your tax bill. Don’t wait until the end of the year, once it’s too late.
It’s amazing to make a million dollars, but it’s a killer to learn at the end of the year that you spent $1.2M. Let’s get on top of your books so you’re up-to-date with your money. Clean books and numbers that make sense to you makes all the difference.
Did you know that your business could be eligible for a tax refund of up to $10,000 per employee for fiscal year 2020? Or, even better, a refund of $7,000 per employee, per quarter, for fiscal year 2021? With everything going on the last few years, it’s no surprise that most people missed this IRS program.
Some businesses bring in accountants after the fact just to check everyone’s math and then give bookkeeping little thought until the next fiscal year. This outdated view of bookkeeping misses the valuable role that accounting firms and CPAs can play in the modern business world.
