Income Timing Hacks: Slash Your Taxes in High and Low-Income Years
Send us a text Are you making the most of year-end tax strategies to reduce your tax liability? In this episode, Mike Jesowshek, CPA and owner of TaxElm, dives into essential year-end tax planning strategies for business owners, focusing on income timing, deductions, and proactive spending decisions. He explains how understanding current and projected income is key for effective tax planning, particularly for cash basis businesses. Strategies covered include prepaying expenses, delaying rec...