5 money-saving year-end tax tips

by | Nov 19, 2018 | Business Registration & Taxes, Podcasts

Ugh, taxes. One of the most stressful parts of running a business is preparing for tax season.

What do you need to know as you approach year-end?

How can you potentially save money in taxes by making some smart moves before December 31st?

What many business owners don’t know is that the way you wrap up your year financially can have a BIG impact on your taxes in the Spring.

Most people aren’t aware that you can do things like making certain purchases which could reduce your taxes for next year. Cha-Ching!

I share 3 tips for organizing your expenses, what you need to know about recording your income, 5 big purchases to make now – and more. There are a LOT of helpful tips packed into a very short podcast this week! 

Listen to the Legally Enlightened Podcast Episode 40 to learn 5 money-saving year-end tax tips.

Don’t have iTunes? Listen on my website here.

 

In this episode I share:

  • 5 tax tips to save money in taxes
  • 3 action steps to take to get organized around your business expenses
  • A short list of legitimate business tax expenses
  • A bonus money-organizing tip that will save you time for NEXT year
  • How long you need to keep your receipts
  • What you need to know about recording your income
  • Why you should hire an accountant (even if you’re just starting out)
  • 5 examples of BIG purchases to make to save money in taxes
  • How to plan for setting up a retirement account
  • Basics about SEP-IRAs and independent 401ks
  • Why I align getting ready for tax season with the solar plexus chakra

And be sure to grab Episode 40’s Tip Sheet HERE so you don’t have to take notes!

Listen to this episode so you can feel confident and empowered knowing that you know how to record your business expenses AND your income, hire an accountant, spend before year-end, and set up a retirement account.

Lisa Fraley, JD

Holistic Lawyer®, Legal Coach®, Speaker & Author

Lisa Fraley Legal Coach LLC

lisafraley.com

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Lisa Fraley, JD

Holistic Lawyer®, Legal Coach®, Speaker & Author

Lisa Fraley Legal Coach LLC lisafraley.com

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All are welcome. We value and appreciate you for who you are and for your unique gifts. Our core values are based on love, kindness, inclusion and respect. We do not discriminate on the basis of race, color, religion/faith, creed, sexual orientation, gender identity, gender expression, national origin or ancestry, citizenship, military status, age, income, background or ability/disability. We are continually improving and working towards full digital accessibility for this site. This site is currently 81-92% accessible, varying by webpage. We invite you to contact us at clientlove@lisafraley.com if you need assistance with any aspect of the site. We are happy to help and we welcome you with Legal Love™.