1073. Year-End Tax Strategies for Business Owners: Expert Tips from John Briggs
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In this episode of The Kelly Roach Show, Kelly dives into year-end tax strategies for business owners with expert insights from tax advisor John Briggs. As the year draws to a close, proactive tax planning becomes essential for entrepreneurs looking to minimize tax burdens and enhance financial benefits. Briggs shares actionable, easy-to-implement tips, covering often-overlooked areas such as reviewing business entity choices, optimizing deductions, and accurately calculating estimated tax payments. This episode highlights the importance of reassessing business structures—whether LLC, S Corporation, or C Corporation—to align more strategically with financial goals. With practical advice on identifying deductible expenses and setting up a tax payment plan to avoid penalties, this discussion equips business owners with the tools to confidently manage year-end tax planning.
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Check out the Year-End Planning Guide from John Briggs - https://incitetax.com/yekr
Get a copy of John's Book: https://33rulebook.com
Connect with John's team: https://incitetax.com/contact/
Also in this episode:
Implementing a tax payment plan that includes setting aside a percentage of income regularly can prevent unexpected tax bills and penalties.
Utilize available resources, like comprehensive tax guides, to stay informed on current tax laws and strategic actions.
Continuously educate yourself on tax strategies and consult with experts to ensure your approach is aligned with both current laws and personal business goals.
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