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How to save taxes for a small business 2024? -- 7 Tax Saving Tips For Your Business! 6 месяцев назад


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How to save taxes for a small business 2024? -- 7 Tax Saving Tips For Your Business!

Learn what you need to know about saving taxes. In this video, I cover the IMPERATIVE basics that most people miss or don't fully understand. 0:00 Intro 1:22 Tip #1 keep a complete accounting record because 'business expenses' are the biggest write-off 4:41 Tip #2 IRS tax write-offs that require more details (home office, travel, business use of personal vehicle, assets) 7:02 Tip #3 Pay quarterly estimated income taxes throughout the year 9:02 Tip #4 Qualified business income deduction (QBID) 10:16 Tip #5 Electing S-corporation status 12:53 Tip #6 The Augusta rule 14:55 Tip #7 Hiring your children

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