Tax season is always a stressful time for small business owners. Seriously, who wants to hand over to the U.S. Treasury what you worked so hard to earn!
Tax preparation takes time away from running the business, marketing products or services, or putting out those fires that always seem to plague small business owners at the worst possible times.
Fortunately, if you have received this email, you’re likely a DLMM customer for whom we’ve been shouldering the responsibility of properly filing your business taxes accurately and on time (thank you!). But, if you’ve received this email because you are a small business owner and a client of ours forwarded it to you, we invite you to subscribe to future issues. Just complete the Need Help? subscription form on our website.
Investopedia published an article “5 Ways for Small Business Owners to Reduce Their Taxable Income.” They listed several obvious ways:
- Start a SEP, IRA, Roth IRA or 403(b) retirement plan,
- Open a Health Savings Account (HSA),
- Make sure you have the right business structure.
Our favorite advice from this article? Hire a Pro! Dedicate your time to doing what you do best; leave the money matters to us—it’s what we do best, for you. If you receive our newsletter, you are already a small business owner who wants to keep more of your own money or make your money work harder for you. If you received this because it was forwarded by one of our valued clients, your inquiry as to how we might help you and your small business could make a difference at tax time in 2023.
At DL MoneyMatters, we look out for small business so they don’t need to suffer from the After-Tax Blues.