Welcome to Small Business Accounting School – school is now in session and it’s time to start building your business. We know that small business owners everywhere have passion for what they do. They put in countless hours, keep track of the dollars and cents and are more than willing to invest back into the biz when they know it will grow and they’ll make a profit. Small business owners are savvy, but they’re also sometimes short on time. We get that, because we work with small business owners everyday, and we’re even small business owners ourselves.
Every small business owner seems to have their speciality. They’re good with the books (that’s us), or stellar with the creative, or super savvy when it comes to influencing and marketing. But it seems that none of us can do it all. We figured we’d pull our best resources and advice on accounting and put it all in one place. That way small business owners everywhere could gather, read through the posts, try their new found knowledge through the quizzes and then go forth to build a better business by putting our bookkeeping advice and financial savvy to use. If you have questions – we’d love to talk. Contact us and we’ll happily answer your questions and see if we don’t make a good fit for you and your business.
And now… on to this session of Small Business Accounting School.
Just because we’re small business owners doesn’t mean that’s the only place we’re looking to cut our tax bill. Today we’re talking about ways that you can reduce your personal income tax bill so that you can give yourself a little bit of a financial break when it comes tax time. Who knows, maybe that extra cash can help you build your business in some way. Read up on 4 Ways to Reduce Your Personal Income Tax Bill and then take the quiz below.
How many ways did we list off as ways to reduce your personal income tax bill?
Donating to charity is a great way to reduce your tax bill. What are the limits for how much you can deduct?
What option is a great way to reduce your income bill if you're planning to be in the SAME or LOWER personal income tax bracket next year?
Missed last session? No problem. You can catch the post and take the quiz here.