“Planning can help you avoid being blindsided by a large tax bill and can also help you take advantage of opportunities to lower the taxes that are owed.”
— Melissa Houston
Tax season. Did those words just send a chill down your spine? Did you get a sinking feeling in the pit of your stomach? Tax season is rarely pleasant for anyone, but business owners in particular often live in fear of being surprised by a large and unexpected tax bill… especially when they don’t have the savings to cover it (yikes!).
In fact, the tax season surprise is one of the most common complaints that I hear from the entrepreneurs and business owners who reach out to work with me.
If you’re currently dreading tax season, this episode is for you — I share my top tips for avoiding massive tax bills, bust the most common tax myths currently floating around, and pull back the curtain on some of the worst tax advice you may have heard!
In this episode, you’ll discover:
Highlights:
00:50 Intro
01:56 Bad tax advice
07:03 Understanding tax obligations
09:35 Keep good records
10:38 Know your filing requirements
11:18 Claim your deductions
11:42 Stay up-to-date on the tax code
12:49 Plan ahead
16:34 Be mindful & proactive
18:09 Conclusion
Links:
5-Step Roadmap
https://melissahoustoncpa.lpages.co/5-step-biz-finance-roadmap
Link to calendar (free 30 min consult call)
Main website 🡪 https://shemeansprofit.com
Offers 🡪 https://shemeansprofit.com/offers
Cash Confident Course 🡪 https://melissahoustoncpa.lpages.co/cash-confident-sales-page
What’s Your Profit Personality? (quiz) 🡪 https://www.tryinteract.com/share/quiz/62ddb2293d71af001892a3a9
Follow me on:
LinkedIn @melissahoustoncpa