Set your business up the right way and find the most suitable professionals who will help you develop practical deductions in place and get the most savings on taxes and achieve peace of mind. 

In this Wealthy CEO Accelerator podcast episode, glean the lessons from the most common mistakes that business owners make and consider when hiring an accountant. 

KEY TAKEAWAYS: 

✔️ No strategic bookkeeping in place. A lot of business owners are hiring the wrong people to do their bookkeeping. Anybody that has minimal education is not going to help you save money on taxes. They don't know the tax law. They don't know what they're able to deduct and if every single expense is legally deductible.

✔️ No payroll. If your business is profitable, especially if you're an S-CORP, you need to be paying yourself a reasonable compensation by law. And the IRS looks at you, paying attention to how much the owners are paying themselves.

✔️ No tax planning. Many business owners don't have a certified tax code or a certified tax plan where they're legally reviewing every single thing and strategically letting them know what specific expenses they can deduct. Hiring your children, renting your home to your business, setting up an accountable plan, deducting your car, and many others things that your accountant may not know can be legally deducted from your taxes.

Did you ever imagine spending this much time on your financials? 

IT'S OKAY. LET US HELP YOU GET IT OFF YOUR PLATE. Contact us today: https://empiretaxusa.com/​ PM or email us at [email protected] to book a FREE strategy session with an Enrolled Agent on our team.