I’m projecting to have a 150K launch in QT 3 and I’ve already hit 300K in sales this year so far. I will hit 600K mark by end of year. What strategy can bring my tax liability down?
Here are my tips:
1. Say bye to estimated tax and self employment tax- This are making your business bleed money
2. Keep a close eye on your net income
3. Invest some of your business income and some of your personal income- for example into a IRA or ROTH just to name a few.
4. Make sure that the salary you are paying yourself and the sales commissions are being taxes properly. #4 is so important because as a business owner you forget to think as 2 different people.
Your income as a business owner and your salary as the one that works in the business are two separate things!
1 1411 hours ago
Notice to Employers: Backup Withholding is lowered to 24 Percent. Backup withholding applies in various situations, including when a taxpayer fails to supply their correct TIN to a payer or when a taxpayer under-reports an interest or dividend income on their federal tax return.
click here for more details http://bit.ly/2Lulgix
If you have any questions about tax withholding rates, call us at #taxace 707-560-1040 to schedule your appointment and see how we can help you!
Getting closer to our Grand Opening on July 1st. Are you prepared to bring your business/personal needs to On Target Business Solutions? Do you have Questions regarding your taxes? Want to open a business? Get a Tax ID? Do you need someone to handle your Bookkeeping? Do you need Payroll Services? Stop by on July 1st between 9AM and 5PM to set your appointment, ask a question, or have a snack and look around. A special shout out to Image360 South Orlando for the amazing signs.
Nos aproximando do dia da nossa Grande Abertura 1o de Julho. Você está pronto para trazer sua empresa ou impostos individuais para a On Target Business Solutions? Quer abrir uma empresa? Obter seu tax ID? Precisa de alguém para cuidar da sua contabilidade? Precisa de serviços de folha de pagamento? Passe por aqui no dia 1o de Julho entre 9am e 5pm para agendar um horário, fazer suas perguntas ou para conhecer nosso espaço e tomar um cafezinho. Nossos agradecimentos para Image 360 South Orlando pela placa e letreiro maravilhosos.
Another rainy Tuesday in Brooklyn, but we're still having our open-house and wealth-work shop! Also looking forward to some BOMB TRAINING from @brandonphp 💣💥💥💥💥 3 Rainy Tuesday's in a row, and we still have guest coming in to learn more about finances, economy, entrepreneurship, and more. Don't let a few drops stop you from getting to the next level! Join us! #levelup
We're excited to now offer an in-house solution that helps accountants stay organized and seamlessly collect payments from clients. Along with simple, flat rates, you’ll get bookkeeping exports and visualized financial summaries. See link in bio to learn more.
When I first started doing taxes I didn’t know what I was doing. I just needed the income because I was a single mom! On my second year of doing taxes I took the leap of faith and wanted to get my own office so that I can get more income! Not knowing that it took so much more energy to run a tax office. Not only that, but take a look at the location my ass wanted to get😬 I had to build out a whole office! I prayed long and hard for this and I KNEW it wasn’t going to be easy but I went up for the challenges! Everything that I worked for I was willing to put it up to build my dream tax preparation company. Now that I can help others make a great income in this industry I decided to have a class. The class will teach you how to do taxes, deal with clients and market yourself to a 6-figure preparer 💰 No, it wont happen over night but if you listen and believe I promise you it will change your life. Click the link in the bio to sign up for the online class next month.
Want to come to our tax class? It’s August 31
1 1516 hours ago
Customer Spotlight- Meet our client @jonnyonitinc. Click the link in our bio to learn more about their mobile app and their CEO, Christian Ries.
Amen? Amen. I feel this so much. Keep setting your financial goals and you will achieve them. Stick to the budget. Stick to your debt repayment plan and don’t deviate. Can you afford to increase payments to speed up the process? If so do it (but make the commitment realistic and attainable for your personal financial situation). If you need help creating a plan I can help you! Click the link in my bio to schedule your free discovery call. #goalsetting ✨
8 6421 hours ago
▶️Komplet knjigovodstvo za pravna lice i preduzetnike po sistemu dvojnog knjigovodstvo;
▶️Izrada završnih računa;
▶️Izrada godišnjih i periodičnih obračun;
▶️Izrada biznis plana.
Know the difference ! Tip: Do a brain dump. What do you want to accomplish? What financial goals are you working towards. Dump all your thoughts out on a piece of paper and then separate them into groups or categories. Create the plan from there. ✨
Introducing our NEW business logo for R&A Associates⠀
Our Mission is to provide consistent, reliable, and trustworthy services that assist our clients with Tax, Business, and Immigration related needs.⠀
Stayed Tuned for all of the SERVICES we offer at R&A.
Taxes get most people's attention only during tax season, but they affect you all year long. It's not just money coming out of each paycheck. The decisions you're making today can affect the size of your tax bill next spring. With careful planning, you can bring that bill down and keep more of your own money. #taxes2020#taxplanning#taxprep#taxreturn
Complying with tax laws and regulations, is a constant challenge, making accurate Tax Compliance an instrumental part for all businesses. This has become increasingly complicated, due to the rapid changes in legislation and with regulations being introduced, coupled with the increasing digitization of revenue authorities.
Staying updated on tax developments at a national and international level, while meeting the demands of increased transparency strains tax resources and further complicates compliance.
We can help you prepare, manage and submit tax filings within this ever-changing regulatory environment.
Tax Compliance Services include:
• Tax Compliance
• Tax Planning
• Tax Review
• Personal Tax Services
• Fiscal Representation
• Tax Authority Negotiation, aiming at securing rulings and resolving disputes
[AD] One responsibility I typically dread at this time of year is filing taxes. So in an effort to make things as stress-free and streamlined as possible, I’m utilizing the great range of services offered at @hrblock..
Whether you visit one of their tax office locations or opt for their online filing service, you can get them done in a way that works best for you!.
Read more about their numerous options and transparent pricing on the blog!! #BlockHasYourBack#lifeofaministermom
18 75718 January, 2019
#Ad We all know what 2 big dates occur over the next 2 months: taxes and Easter 💵 🐰 Taxes can be complicating, but MyVanilla helps make receiving your refund not so complicating! • MyVanilla Prepaid Cards are not Gift Cards or Credit Cards. MyVanilla is a Reloadable Prepaid Card which makes it a great tool during tax season! You can set up your tax refund to automatically deposit to your MyVanilla Prepaid Card, which will give you access to your tax refund 2 days earlier...making it easier for me to get a head start on all those Easter goodies! Did I mention you can grab your MyVanilla Prepaid Card from your local Walgreens? And if you purchase a new MyVanilla Reloadable Prepaid Card between Feb. 24th to March 2nd, you will receive 5,000 Balance Reward Points. Say what?! So take advantage of the MyVanilla Reloadable Prepaid Card this tax season and get a head start on all things Easter like me!🐣 Anyone else have plans with their tax refund?! .