15 minutes | Sep 16th 2019

How To Pay NO Taxes In Business With One Key Strategy

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Show Notes:

One of the most frustrating parts of owning and operating a business is paying taxes. Small business owners are often overloaded with the day to day business operations that they neglect to properly manage their finances. In addition, 90% of business owners don’t know what they don’t know or are afraid of doing something that will catch the attention of the IRS.  As a result, business owners often pay higher than normal taxes.

Here’s a key question - why generate a profit and increase your cash flow only to give it all away to the IRS? In this episode, I am going to share one of four proven strategies you can implement RIGHT NOW to reduce or eliminate your tax liabilities. 

Check Yourself Moment

Have you established a retirement plan for you and/or your employees? If you are a single business owner, you can establish a solo 401K and a SEP IRA. This is something you can and should do right now so that it can benefit you in the upcoming tax season. 

Profit Power Closing Statement (Quote) – Don’t be so laser-focused on the now that you neglect the future. Because once the future comes it will be too late to prepare.

Additional Resources

The Cash Flow Checklist

 

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