Tax Savings Strategies for Small Businesses

This workshop focuses on Federal tax-saving strategies that work best for small businesses. It covers topics such as electing S-Corporation status with the IRS, maximizing the deduction for business use of the home, demonstrating two ways to compute the deduction for the business use of a personal vehicle, providing examples of seven different retirement plans, and helping you determine which one is best for you. Additionally, the workshop describes how to maximize the benefits of health savings accounts, highlights the difference between smart and not-so-smart equipment purchases for maximizing tax benefits, and explains the distinction between cash and accrual accounting to help you choose the better option for your business. There’s much more covered in the workshop, offering valuable insights for small business tax planning.

View this short 2-minute video to understand more about this workshop: video teaser

If you want to understand more about the Federal, Washington and local taxes that are assessed against businesses and business owners, you should register for the “Tax Essentials for New and Existing Business Owners” workshop first before attending the “Tax Saving Strategies for Small Businesses” workshop.

Listen to what others who have attended this workshop have to say about the instructor and the program:

·      Really helped my business learn about how to save money with minimizing and deferring taxes. 

·      Finally learned how LLCs can help protect my personal savings and how S-Corps can help me pay lower taxes. 

·      Now I understand how to use the “home office” tax deduction to save money on my personal tax returns.

·      Most helpful training I’ve ever been to! 

·      The workshop provided actionable details on how save money on taxes. 

·      The instructor provided valuable information clearly, no fluff – all practical and doable.  Answered all my questions. 

Presenter

This workshop is presented by SCORE Business Mentor Joe Heinrich. Joe is a retired CPA having worked for 12 years with KPMG, an international accounting firm, and 22 years with Coca-Cola Enterprises Inc. in various finance executive positions. Over the past 11 years since his retirement, Joe has help hundreds of small business owners make their businesses more profitable, eliminated problems with their accounting, assisted them in obtaining financing for their business and helped them save thousands of dollars of Federal and Washington taxes. He also presents the “Tax Saving Strategies for Small Businesses” and “Tax Essentials for New and Existing Business Owners” workshops for SCORE. For more information about Joe, visit his LinkedIn profile here: Joe Heinrich