Strategize Your Business for Financial Success
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Hello High Earners and Future High Earners, I'm so excited! Tomorrow is the day Jennifer White and I will host the webinar From Solopreneur to CEO: Strategize Your Business for Financial Success. When I say I stay in my lane and focus on my area of expertise, I do. When I connected with Jennifer we realized we have a lot in common because she is the same way. She knows what she knows, and don't try to do what she doesn't know. Jennifer, along with her husband Marcus (The MJW Group), has a passion for helping Teams transform their Businesses with Quality, Service, and Delivery standards to achieve higher profits. I have a passion for helping small businesses and individuals increase their profits through proactive tax planning. We share a common goal to increase the profits of our clients. In many cases, you can do this simply by changing the way you view your business, and get organized. Join us for an in-depth conversation that could change the trajectory of your business. From Solopreneur to CEO: Strategize Your Business for Financial Success May 14th at 7:pm EST.
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Tax filing is a one time event, but successful tax planning happens year 'round. |
Welcome to the KNK Tax & Accounting Blog
Hello Wealth Builders! We are heading into the final stretch of the year. As we approach 4th quarter, it's important to take the necessary steps to minimize or eliminate your tax bill BEFORE the end of the year. Here are 7 things you can do to ensure you finish the year strong: Review your financial reports. Your taxable income is partly determined by your net income (revenue minus expenses). Increase expenses (if needed). If your business needs new equipment, now may be the time to consider...
Hello Wealth Builders! Last week I shared 10 things you need to know before reducing taxes. This week we'll explore the next level. Here are 10 things you can do to start reducing taxes: Tax-Advantaged Accounts: Maximizing contributions to retirement accounts (401(k), IRA), Health Savings Accounts (HSA), and Flexible Spending Accounts (FSA). Tax Loss Harvesting: Strategies for offsetting capital gains with capital losses to reduce taxable income from investments. Charitable Contributions: How...
Hello Wealth Builders! I always say there are levels to building a business and saving on taxes. Too many times I've been approached by people who just want the secret sauce to paying little to no taxes, or don't take the time to understand how income works. I wanted to share 10 things that my most successful clients did and are doing to ensure they are handling their business correctly and paying the least amount in taxes: Understanding Tax Brackets: How progressive tax systems work and the...