1 / 5

Small Business Tax Planning

Hire the most expert tax expert for your small business tax planning? Legacy Tax & Resolution Services one of the reputed tax consultants who help small businesses to defeat or eliminate tax problems. Contact us now. 800 829 7483 legacytaxresolutionservices.com/tax-prep-planning/business-tax-planning

legacytaxresolution
Download Presentation

Small Business Tax Planning

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Small Business Tax Planning - 4 Practical Tips Tax planning is the process of determining when, what and how to conduct business and personal transactions.

  2. 1. Update your Acccounts: An important part of small business tax planning is updating accounts. Some extra time must be dedicated to renewing the account books regularly 2. Defer Income: If you are to get some money during December try to submit it to the first week of January.

  3. This will give you a take holiday, so to speak, till the first week of April. All deferrals will depend greatly on your profits and your losses for the financial year. 3. Purchases: Try to envision any payments you will have to make in the first section of the new financial year. Make those buying before

  4. the year ending. Pay all your bills early if cash flow permits. 4. Write-offs: Depending on the kind of accounting, write off all the damaged and useless goods in the business and make provisions for contributions for retirement.

  5. Legacy Tax and Resolution Services, is a premiere tax relief and tax service. we provide complete tax resolving solutions at very affordable fees. Contact us : Phone no.:8008297483 E-mail: legacy@ltaxrs.com www.legacytaxresolutionservices.com

More Related