Unstuck your Business

UYB 65 Money Matters: Tax Optimization for Business

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Guest: Kim Lochridge,

Vice President of Tax Engineered Services

n this episode, we delve into the world of tax optimization with Kim Lochridge, Executive Vice President of Engineered Tax Services, Inc.

Kim, a nationally recognized expert in specialty tax services, shares invaluable insights on how small and medium-sized businesses can minimize their tax liability, maximize deductions, and make smarter financial decisions.

We'll explore:

  • Overlooked deductions: Discover critical tax deductions often missed by small business owners, including Cost Segregation, R&D tax credits, and energy efficiency incentives.
  • Retirement planning: Learn how to optimize your tax strategy through effective retirement planning, including contributions to 401(k)s, IRAs, and other retirement accounts.
  • Federal tax policy changes: Understand potential changes in federal tax policy that could impact your business in 2025.
  • Business structure optimization: Explore the benefits of reassessing your business structure (LLC, S-Corp) for tax optimization purposes.
  • Prioritizing tax credits: Discover which tax credits, such as the R&D Credit, can provide the most significant benefits for your specific business.
  • Expense tracking: Learn effective strategies for tracking and managing expenses to maximize deductions.
  • Multi-state operations: Understand the complexities of state and local tax compliance for businesses operating in multiple states.
  • Preparing for audits: Discover proactive steps to take now to prepare for potential audits or compliance reviews.

    • This episode is packed with actionable advice and expert insights that can help you navigate the complexities of the tax code and achieve significant tax savings for your business.

    ...more
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    Unstuck your BusinessBy Edith Duran; Inez Nazario-Vega