I strongly believe there’s one thing all entrepreneurs MUST understand:
THE TAX CODE
CPAs are humans and most take the path of least resistance and make mistakes.
Understand it so you can hire the right one, ask the right questions and help develop your own strategy.
THE TAX CODE
CPAs are humans and most take the path of least resistance and make mistakes.
Understand it so you can hire the right one, ask the right questions and help develop your own strategy.
A simple ex:
Everybody told us to lease or buy personal cars through the biz. Write off all of it.
Instead we bought cheap cars, paid for our own gas, and wrote of MILEAGE.
Our cost per mile was $.25. We wrote off $.55.
Huge advantage when you drive 30k miles a yr.
Everybody told us to lease or buy personal cars through the biz. Write off all of it.
Instead we bought cheap cars, paid for our own gas, and wrote of MILEAGE.
Our cost per mile was $.25. We wrote off $.55.
Huge advantage when you drive 30k miles a yr.
Buy this book. Read it. Take notes. Read it again.
I read it when I was 20. Has saved me tens of thousands since then.
amzn.to/38zQWKB
I read it when I was 20. Has saved me tens of thousands since then.
amzn.to/38zQWKB
And if you need a better CPA for your biz ($1MM+ in revenue) or real estate portfolio, @baldridgecpa is as good as it gets.
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