Tax Planning For Women Entrepreneurs by Lisa Corbitt
How to make the most of your tax breaks and reap the financial rewards, even if you struggle with filing…
What do you think when you hear the word "taxes"?
Odds are, you don't associate them with anything good. In fact, it's been said that the only two things that are certain in life are death and taxes -- and nobody looks forward to either of them.
But why is that? What is it about tax season that creates a sense of dread and unnecessary stress?
The fear of taxes often comes from misunderstanding.
Many people believe that the goal of taxes is to take from the people, when in fact the tax code is written to benefit the people who contribute back to the economy.
As an entrepreneur, you know the value you bring to the table. You help create jobs, provide services, and give back with your time and effort.
So it can feel like a punishment when you file your tax return and get hit with high taxation rates and minimal returns.
The truth is, by changing the way you approach your taxes, you can transform the way they impact your life.
Through strategic planning, you can take advantage of the hundreds of deductions and credits that were designed to save you money, just for running your business in a smart way.
In Tax Planning for Women Entrepreneurs, here is just a fraction of what you will discover:
- How to make the most of your tax opportunities to minimize expenses and take advantage of what’s available to you as a business owner
- What the cashflow quadrant is -- and where you fall within it
- The 4 essential asset classes you must be investing in if you want a truly balanced portfolio
- The difference between tax deductions and tax credits, and why understanding how they differ is crucial to maximizing your tax savings
- 6 simple steps to lower your tax bracket, potentially saving you thousands of dollars
- Small business tax deductions you might be overlooking that are costing you money each year
- How to make the most of your real estate investments and choose the right niche for your needs
- How to avoid double taxation by creating flow-through entities using the business that you already have
- The easy-to-claim tax credits that you might qualify for without even realizing it
And much more.
Maybe you've already tried to take a strategic look at your taxes in the past, finding yourself overwhelmed by the sheer amount of information out there. You're not alone.
Millions of people each year lose out on money they are rightfully owed, all because they don't know how to use the system to their benefit.
This guide will take you through all the steps to take advantage of the opportunities the government gives you, all through completely legal means.
You'll be able to confidently save for the future knowing that you're paying the lowest possible tax rates, supporting your business, and planning for success.