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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

By anticipating future revenue, expenses, and business growth, owners can make informed decisions that minimize tax liabilities and leverage tax benefits. By incorporating these practices into your business strategy, you can secure a more prosperous and financially stable future for your enterprise.

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Fortifying Profits: Strategies to Shield Your Business from Embezzlement

Duct Tape Marketing

Key Takeaways: Amidst the challenging landscape of small business finances, Todd Rammler sheds light on the critical issue of embezzlement. Todd Rammler’s expertise promises to redefine your approach to safeguarding your finances as your business grows. John (05:40): So you hit on two things that I want to come back to.

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Small Business Accounting 101: 9 Steps to Get Your New Business on Track

Up and Running

Corporations and LLCs are required to keep their business finances separate from the personal accounts of their owners, while sole proprietors do not face such restrictions. Keeping your personal and business finances separated in business and personal bank accounts will make tax season far less complicated. Team up with a CPA.

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5 Tips For Startups To Avoid A Financial Disaster

YoungUpstarts

And of the total amount of failed startups, a majority reported finances as the major culprit of their collapse. Having emergency cash can cushion the blow and act as a safety net while also giving you peace of mind and a sense of security that you have money to pay rent, food, and other personal expenses. Pay Yourself.

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[INTERVIEW] How LaMar Van Dusen, Founder Of Phoenix Management, Wants To Help Entrepreneurs Grow Their Businesses

YoungUpstarts

That’s time they could be spending on generating new revenue for their company. There are security issues too in accounting. But you should still enlist a qualified CPA to make sure everything’s squared away, especially at tax time. I’ve connected a lot of my clients to these kinds of financing options.

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Six Questions To Ask Now (Before Tax Day Creeps Any Closer)

YoungUpstarts

These write-offs apply even if you financed the purchases in whole or in part. Factor in the cost of covering your employees and don’t overlook what it can mean for your personal retirement security. What will your CPA advise you to do? Are you going to add money to your retirement plan? Were you profitable in 2016?

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When DIY Is A Terrible Idea

YoungUpstarts

The Tax Foundation, a tax policy research organization, found that the total number of words in the Internal Revenue Code & Regulations grew from 1.39 Whether you choose to use tax automation software or contract a CPA, just do your business a favor and take taxes off your plate. million in 1955 to over 9 million words in 2005.