9 Tax Deductions: Effective Strategies for Small Business Owners to Save Money скачать в хорошем качестве

9 Tax Deductions: Effective Strategies for Small Business Owners to Save Money

Are you a small business owner looking to save money on your taxes? Look no further! This video tackles the most common tax deductions available for #smallbusinessowners, from utility expenses to employee benefits. Reduce your tax obligations as a small business owner through several money-saving opportunities. Money saved on taxes can be used to expand operations, boost marketing efforts, automate processes, and more to increase productivity, efficiency, and profitability. Watch and save now! 📺🏦 Let us know if you have any finance-related questions you want us to tackle in our next video. Comment below👇 — Contents of this video — ⏱️Timestamps: 0:00 - Intro 00:26 - Tax deduction tips for small business to save money 00:33 - Disclaimer 00:58 - Tip #1: Deduct interest expense 01:03 - Tax Shield 01:32 - Tip #2: List down utility expenses 02:20 - Tip #3: Pay employees' government contributions 03:10 - Tip #4: Give employees more benefits 03:20 - Fringe Benefits 04:20 - Tip #5: Claim representation and entertainment expenses 04:32 - Representation expenses 04:40 - Entertainment and recreational activities 05:14 - Tip #6: Bad Debts 05:46 - Options to collect debts 06:02 - Tip #7: Consider depreciation of assets 06:19 - Double Declining Balance (DDB Method) 06:32 - Tip #8: Donate to charitable organizations 07:21 - Tip #9: Register business as BMBE 07:54 - Minimum Wage Law 08:08 - Recap: Tips on reducing small business income tax We hope you'll find this helpful! — Follow us — Subscribe to our channel for more helpful tips for small business owners 👉   / @onecfoph   Connect with us: 👍 Facebook - https://bit.ly/OneCFOPH Linkedin - https://bit.ly/OneCFOPHLinkedIn Email - https://bit.ly/EmailOneCFOPH Website - https://bit.ly/OneCFOph Blog - https://bit.ly/OneCFOblog — About OneCFO — OneCFO is a tech-enabled company providing CFO, Bookkeeping, Tax, and Payroll services to startups and small businesses. As a business owner, you have a lot on your plate. With OneCFO, you can focus on running and growing your business while we provide you with quick, efficient, and affordable financial services. We are your outsourced finance department! Book your free consultation now! #TaxDeductions #SmallBusiness #Startups #taxstrategies #reducetax #bookkeeping #businessowners #savemoney #effectivestrategies #businessgrowthstrategies #outsourcedcfo