As we approach the end of the year, many small businesses are turning their attention to tax planning and managing their tax liability by the end of the year.
In this video, Hannah gives 10 tax tips to help small businesses plan and make SMART tax planning decisions that will help their businesses in the short and long term.
0:00 Introduction
1:41 Tax deadlines to put on our calendar
4:55 Why is filing your tax forms?
5:53 Know your basis of accounting
7:25 Spending to 'save' on taxes
9:35 Are you actions affecting profit?
10:57 Watch your cash!
11:55 Forecast your full annual financials
13:43 Tax planning meeting with CPA
16:24 Don't make $0 profit!
17:48 Stay aware and understand what you are doing
Videos mentioned in this video:
Estimated Tax Video: • How to calculate estim...
Interview with Greg Crabtree, "Simple Numbers" Author: • Interview with Simple ...
CPA, EA, or Bookkeeper: • What's the difference ...
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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
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29 июн 2024
