The new tax law ushered in some big changes, leaving many business owners confused over the best way to make the most of their returns. If 184 pages of tax law sounds like a snoozefest to you, you’re in luck. Today, we have David Danic, CPA and Director of Tax Services at Summit CPA Group to clear things up. David’s sharing his notes and highlighting some important tax savings strategies to work on between now and the end of the year.
From 4K TVs to buying season sports tickets, pre-selling services, team bonuses, parties and in-office lunches, some ideas will help you maximize deductions, while others will not. Find out what the new tax law means for your business, why consulting language in contracts might be a bad thing and how to maximize your spending, retirement plans and R&D activities to save come tax time.