Building Your Money Machine

What to Do Now to Lower Taxes Before Year End


Listen Later

As the year-end is closing in, it's a great time to chat about how to keep more of your hard-earned cash in your pocket.

By making some clever money moves before December 31, you can seriously cut down on what you owe when tax season rolls around.

In this episode, I’ll guide you through strategic steps to minimize your tax burden. We'll discuss reviewing expenses, verifying classifications, and maximizing deductions. And, we'll delve into the benefits of retirement plans, charitable donations, and the intricacies of crypto transactions.

Being proactive in your tax strategy can result in more money in your pocket and help you achieve your financial goals. So, stick around to find out what you can do now to max out your deductions and minimize your tax worries before the year's up.

IN TODAY’S EPISODE, I DISCUSS: 

  • Reviewing expenses and correct classification
  • How Section 179 impact equipment expenses and potential tax deductions
  • Consulting a tax advisor for deductions and strategies

RECOMMENDED EPISODES FOR YOU 
If you liked this episode, you'll love these ones:

  • Q&A Why Taking a 401K Loan Can Destroy Your Wealth
  • Making Sense of Life Insurance - What to Avoid!
  • Using Target Date Index Funds to Build Wealth
  • Doing Nothing with Your Money Isn't An Option!

TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com 

OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube
Instagram (@melabraham9): MelAbraham.com/ig
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham

GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

...more
View all episodesView all episodes
Download on the App Store

Building Your Money MachineBy Mel H Abraham, CPA, CVA, ASA

  • 5
  • 5
  • 5
  • 5
  • 5

5

223 ratings


More shows like Building Your Money Machine

View all
The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,577 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,110 Listeners

Motivation with Brendon Burchard by Brendon Burchard

Motivation with Brendon Burchard

3,636 Listeners

School of Self-Image by Tonya Leigh

School of Self-Image

1,100 Listeners

The Mind Your Business Podcast by James Wedmore

The Mind Your Business Podcast

1,630 Listeners

Earn Your Happy by Lori Harder | YAP Media

Earn Your Happy

2,808 Listeners

The Goal Digger Podcast by Jenna Kutcher

The Goal Digger Podcast

12,053 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,047 Listeners

The Marie Forleo Podcast by Marie Forleo

The Marie Forleo Podcast

1,659 Listeners

The Product Boss Podcast by Jacqueline Snyder

The Product Boss Podcast

872 Listeners

the bossbabe podcast by Natalie Ellis

the bossbabe podcast

1,787 Listeners

Powerhouse Women by Lindsey Schwartz

Powerhouse Women

838 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,582 Listeners

The Money Love Podcast by Paige Pritchard

The Money Love Podcast

420 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,628 Listeners