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Are you stuck in a never-ending TOXIC tax cycle that looks like this? 🔄 First, your business earns money. Then, you spend money to keep your business running... But every quarter, you're panicking to find the cash to pay your estimated taxes! Here's what you can do to fix it: Figure out your rough effective tax rate (*hint* I can help you with this!). Then, automatically save this percentage of each of your sales. You might need to adjust spending in other areas to account for this, but it's going to SAVE you money down the road in penalties and interest. #WomenInFinance #BusinessAdvisory #ScalingUp #FinancialClarity #Profitability #FractionalCFO #CFOservices #FinanceExpert #FinancialStrategy #StartupSuccess #SmallBusinessFinance #CashFlowManagement
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Many business owners opt to withdraw less money from their business accounts to save on immediate taxes. While this strategy may seem prudent at first glance, it's essential to consider the long-term implications. Money left sitting in the business account can accumulate over time, leading to a higher tax bill in the future. This deferred tax payment can sometimes result in paying more taxes than anticipated, especially if tax rates or business income increase. It's crucial to strike a balance between tax optimization and utilizing funds effectively for business growth or personal needs. Consulting with a financial advisor can help navigate these decisions and ensure a tax-efficient strategy aligned with your long-term goals. #TaxStrategy #BusinessFinance #FinancialPlanning #TaxPlanning #EntrepreneurshipTips #YogeshBansal
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Multi Award-winning Finance Business Partner helping Business Owners and Property Professionals by adding value through mentoring, financial solutions and strategy - 07468 881338 - [email protected]
Do you have a solid plan for handling tax payments? Staying on top of taxes is crucial to avoid penalties and protect your reputation. For many business owners, tax season brings cash flow challenges, especially when large bills hit unexpectedly. Setting aside funds throughout the year can ease these payments and reduce stress. Understanding tax obligations also helps you avoid costly errors that lead to fines. Yet, many businesses struggle with tax management, leaving them open to financial setbacks. Tip: Set up a separate account just for taxes. Keeping these funds apart from daily expenses makes it easier to stay prepared when payments are due. #financebroker #commercialfinance #assetfinance #businessfinance #moneymatters #financegoals #taxplanning #taxmitigation #propertyinvestment #reducetaxes
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Planning to exit your business? 💼 With the right strategies, you can significantly reduce your tax burden. We recently helped a client save $800,000 in taxes on their sale. Plan ahead, and make the most of your exit! 💰 #BusinessExit #TaxPlanning #PrivateEquity #BusinessSale #FinancialPlanning #SmallBusiness #EntrepreneurLife #WealthBuilding
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Multi Award-winning Finance Business Partner helping Business Owners and Property Professionals by adding value through mentoring, financial solutions and strategy - 07468 881338 - [email protected]
Staying on top of tax payments can save you from penalties. Many business owners struggle with cash flow when tax bills come due. Setting aside money throughout the year can ease the burden. Plus, understanding your obligations helps you avoid costly mistakes. Our team can help you set up a solid plan to manage your tax obligations and improve your cash flow. Reach out to us today to find out more: 📱 07468 881 338 📩 [email protected] #financebroker #commercialfinance #assetfinance #businessfinance #moneymatters #financegoals #taxplanning #taxmitigation #propertyinvestment #reducetaxes
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I understand that discussing taxes may not be the most exciting topic for many, but the upcoming changes will have a significant impact on business owners and individuals with higher income. The positive aspect is that there is still an opportunity to prepare and leverage these changes to your advantage. If you're ready to plan ahead, reach out, and let's start strategizing together. #TaxPlanning #FinancialStrategy #BusinessOwners #WealthManagement
Big Tax Changes Are Coming
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🚫 MYTH: Paying tax is bad. ✅ FACT: Paying tax means your business is making a healthy profit! While tax minimisation is important, it should align with your long-term goals. We're here to help you strike the right balance.
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Self-employment means working independently rather than for a company. As a self-employed individual, you manage your business, handle taxes, and arrange your own benefits. A key advantage is the ability to deduct various business expenses, significantly lowering your taxable income and overall tax burden. Check out the common deductions for self-employed professionals. #SelfEmployedLife #TaxTips #BusinessExpenses #JFrancisCPA
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📊 Yes, There’s a Fun Part to Taxes – Logging Your Expenses! Believe it or not, tracking your expenses can actually make tax time enjoyable! It’s your chance to see where every dollar goes, but a common mistake we see is business owners not saving copies of their expense reports. 🗂️ ✨ Pro Tip: Save those receipts, track every expense, and get ahead of tax season. Want help organizing your finances? Book an appointment with Brovesment today, and let’s make tax time easy and efficient! #TaxTips #BusinessFinance #ExpenseTracking #Brovesment
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Pay less, save more! Learn effective tax strategies to reduce your corporate taxes and keep more money in your business. 𝗦𝗵𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀! #contentsinsurance #travelinsurance #homeinsurance #investment https://lnkd.in/guHf9eH4
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