How to save taxes for a small business 2024? -- 7 Tax Saving Tips For Your Business!
Автор: Business Finance Coach
Загружено: 9 окт. 2024 г.
Просмотров: 1 335 просмотров
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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