TAX HORROR STORIES and how to avoid them…with Kimberly Landry, CPA of Landry and Associates has come back to the Financial Freedom Classroom to share some scary tales to kick off your Halloween season!
Tax advice
Tax Horror Stories and how to avoid them…
Help us kick off the Halloween season with “Tax Horror Stories and how to avoid them” brought to you by Financial Freedom Classroom on Thursday, October 1st at 7:30 PM EDT. We know it will be a chilling and thrilling good time with our dear friend and CPA Kim Landry of Landry and Associates.
Some of the topics we plan to cover are:
- Ruinous Identity Theft
- Deadly Audit findings
- Dangerous Clients
Bring your questions and concerns, join us if you dare!
If you aren’t registered for the webinar yet, hurry up! Space is limited. Just click here to register.
Don’t have a small business? Create one and reap the rewards!
Even if you have a JOB (Just Over Broke) open a business! You will earn extra income AND get to keep more of what you make with some tax deductions. **Disclaimer! Please ALWAYS consult your tax professional regarding tax matters. We are not tax professionals!** One of those is the home office deduction but be honest, you should be able to defend your deduction in an audit. Meals and entertainment when you conduct business with a person you are entertaining during the meal or event. Be sure you keep good records of what the activity was, when, with whom and how it relates. Another possible deduction is internet and phone directly related to your business. Vehicle deductions for local business trips can be deducted either by the standard mileage rate or your actual expenses. Education for yourself can be deducted as well. The list goes on and on. Another VERY helpful benefit of a small business is being able to contribute to a Self-Employed Retirement Plan and the tax benefits you can recognize. These are a twofer! They are particularly valuable for reducing your tax bill now and racking up tax-deferred retirement savings for later.
Can you share more benefits of having a small business? Please comment.
Taxes; The Good, The Bad and The Ugly
Just in case you missed it…A fantastic webinar, Taxes; The Good, The Bad and The Ugly with Kim Landry, CPA from Landry and Associates. Kim gave us some great tax strategies and planning techniques to be able to keep more of what you make.
What is a tax strategy that has saved you from paying more taxes than necessary? Please share.