Focus Financial is a Belgrade accountant and accounting firm offering small business tax services, payroll services and other book keeping services to simplify and protect your business tax
Focus Financial is a Belgrade accountant and accounting firm offering small business tax services, payroll services and other book keeping services to simplify and protect your business tax preparation.
1. Tips for Effective Tax and Personal Anti-Recession Steps
2. 1. Start Saving NOW!If you have a nest egg stashedsomewhere, good for you. Boost itwith more savings. If you dont, its time to start immediately.
3. 2. Cut Back On Spending ImmediatelyIf you think you need everything you buy, gather your last few weeks worth of receipts and rate each item according to necessityChances are, there are a few things there that youll realize now that you didnt really have to buy
4. 3. Take Big Chunks Out Of Your Debt If you have debts in some form (loans, credit cards, mortgage, etc.), try to pay off as much of your debt as possible.The earlier you do this, the better it will be for your finances.
5. 4. Consider Investing? Ask A ProfessionalAn experienced financial adviser can help you understand the kind ofoptions you have, given your own resources and the type of risks you are willing to take
6. 5. Know Your DeductiblesReview your tax code for thetypes of items that you can include in your deductibles Remember that not all expenses can be used as deductions
7. 6. Keep All Receipts For Deductions Audit or no audit, it pays to have documents that support your tax claims, especially if they refer to deductions
8. 7. Consider Leasing Your Business Vehicle This will help get you better deductions compared to what youll receive if you purchased the vehicle
9. 8. When In Doubt, Always Refer To A Professional The personal anti-recession tips you obtain will usually work seamlessly but some steps involving taxes might have certain limitationsBefore implementing these steps, youmight want to consult a basictaxation guide or see an accountantor bookkeeper