As a business owner, minimizing your taxes to maximize your profits is important. Here are seven common mistakes to avoid in reducing your corporate income taxes:
- Not keeping accurate records
- Not taking advantage of all available deductions and credits
- Not adjusting your withholding
- Not contributing to a tax-advantaged retirement account
- Choosing the wrong business structure
- Not considering the tax implications of investments
- Ignoring changes in tax laws
Take control of your taxes and maximize profits by following these seven steps. Be sure to book your appointment with us to get started today!