Today we are going to dive into 10 red flags that could potentially get you audit by the IRS if you are not careful as a business owner and or individual.

Today we are talking about five tax mistakes that are commonly made by small business owners and strategies on how to avoid making those mistakes.

Book a Consultation by clicking the link below

www.latoyalwallace.com

Five reasons small business owners should choose the correct NAICS code when starting or operating a business.

Links:

www.naics.com

email: [email protected]

Census Bureau at 1-888-756-2427

Happy Tax Tip Tuesday!!!

Business tax credits and tax deductions can both help reduce your tax liability, but they work in different ways. Here's the difference.

1. Business tax credits: directly lower your tax bill by the amount of the credit.

2. Business tax deductions: reduce your total taxable income.

The main benefit of business tax credits and deductions is to reduce your tax liability, which can help increase your cash flow and lower your tax bill.

This can be especially helpful for small businesses or startups operating on tight margins.

Additionally, tax credits and deductions can incentivize certain behaviors, such as providing health insurance to employees or investing in renewable energy.

I'm back!!!! It's been a while, but your girl is back. Today, I am sharing 5 to know when you are hiring your kid.

Are you a real estate investor? Do you know what category you fall in as an investor? Are you maximizing in tax savings as an Investor.

Listen this one tax strategy can change the game for you forever.

Less stress come tax filing season when you implement these 3 tax tips...

Let's talk about common mistakes small businesses make during tax season. Although there are many we are going to talk about what I believe are the two biggest.

Starting out as a small business owner yourcfind yourself trying to do it ALL. At some point your going to have to implement these three things as your growing and expanding. Take a quick listen 🎶