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How To Maximize Your Tax Deductions?

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New tax law explained the most common business deductions. $100's of Free Software, Template, and Tools to Help Grow Your Small Business.

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How To Maximize Your Tax Deductions?

  1. 1. How To Game The New Tax Law
  2. 2. How To Maximize Your Tax Deductions?
  3. 3. Exploring the endless possibilities of combining the new tax law with knowledge of its inner workings.
  4. 4. Under the new tax law, those small businesses, who seek out every tax savings that are due to them are going to see a lot more savings and money in their pockets, than those that don't.
  5. 5. To do this you must make every aspect of the tax law advantageous.
  6. 6. Most small business owners run their operation kinda like a mom and pop shop.
  7. 7. •They don't take the time to really understand the tax law and how it will impact their business’ s bottom line.
  8. 8. Most small business owners feel overwhelmed by the new tax law, they believe that it's too much for the little guy to figure out.
  9. 9. They don't take the time to examine the tax changes in detail.
  10. 10. 60 percent of small business owners believe that the government focuses on large companies and doesn't care about businesses like theirs.
  11. 11. A significant amount of pass-through deductions (44.2%) of the benefits will go to those filers making more than $1 million a year.
  12. 12. If you're struggling to figure out exactly how the tax overhaul will affect your business. We've got answers to nearly all your questions.
  13. 13. To maximize your business's tax savings, you must first understand the new tax law.
  14. 14. Educate yourself on how to game the new tax law by maximizing every deduction.
  15. 15. To truly Maximize your business's tax savings you must set your goal of breaking through that million-dollar glass ceiling
  16. 16. So let's get started!
  17. 17. Under Section 179 of the tax code, the new law double the amount businesses could deduction per tax year as equipment expense from $500,000 to $1 million.
  18. 18. This is a game changer!
  19. 19. What kind of deductions can I take as a small business owner?
  20. 20. An expense is ordinary if it is common and accepted in your industry.
  21. 21. An expense is necessary if it is helpful and appropriate for your business.
  22. 22. We have put together a comprehensive list of the common small business deductions including a detail description: Just click on the link.
  23. 23. Standard Business Expenses Advertising Bad Debt Bank Fees Car and Truck Expenses Charitable Donations
  24. 24. Conventions, Seminars and Trade Shows Education Health Insurance Intangibles Interest Home Office Deductions
  25. 25. Legal, Accounting and Professional Fees Maintenance, Repairs, and Renovations Meals and Entertainment Gifts, Awards and Bonuses Office Supplies, Tools and Services Qualified Business Income
  26. 26. Rent and Property Leases Research and Development (R&D) Salaries and Wages State and Local Taxes Travel
  27. 27. Capital Expenses Depreciation Costs of Goods and Services Startup and Organizational Costs
  28. 28. Self-Employed Expenses Health Insurance Premiums Moving Expenses Retirement Plans Self-Employment Taxes Student Loan Interest
  29. 29. Free Software, Template and Tools to Help Grow Your Small Business Click Here To Gain Access
  30. 30. • If you owe back taxes you can't pay, contact us today for immediate help with your tax issue. We'll help map out the best option to get you tax relief. Click on the link below. • Tax Debt Solutions

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