1. EachPod

60 \\ 7 Last-Minute Tax Saving Tips Every Small Business Owner Should Know

Author
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Published
Mon 11 Dec 2023
Episode Link
https://smallbusinessfinance.podbean.com/e/60-7-last-minute-tax-savings-ideas-for-small-business-owners/

Running out of time to cut your 2023 tax bill? In this episode, Tiffany shares seven smart, last-minute tax savings strategies that small business owners can still use before year-end. Learn how to prepay expenses, slow down invoicing, pay vendors early, and when it makes sense to buy equipment. Tiffany also covers how to leverage credit cards for deductions, why you shouldn’t be afraid to take legitimate write-offs, how a Roth IRA conversion can reduce future taxes, and how to use the 0% tax bracket with gifts or stock. These simple yet powerful tax strategies can help you legally reduce what you owe and keep more of your money in your pocket. Perfect for entrepreneurs who want actionable tax tips before the clock runs out.


 


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