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5 Tax Strategies to Keep More Money in Your Pocket (and Build Your Future)

5 Tax Strategies to Keep More Money in Your Pocket (and Build Your Future)

January 20, 20251 min read

Running a small business is no joke, but overpaying on taxes?

That’s just plain unnecessary.

Let’s talk about keeping more of your hard-earned cash and making it work for you and your future.

Here are 5 tax tips every small business owner needs to know:

  1. Max Out Retirement Contributions

    Saving for your future while slashing your taxable income? Yes, please. From IRAs to SEP IRAs, you can build your retirement fund and owe less to Uncle Sam.

  2. Leverage Tax-Free Employee Benefits

    Offering perks like health insurance or education assistance doesn’t just make you the coolest boss—it also cuts down on your taxable income.

  3. Use Your Home Office Deduction

    Work from home? Don’t miss this one. Deduct the space you use for work—whether it’s an entire room or a corner of the dining room table. (Just keep it legit. The couch doesn’t count!)

  4. Invest in Your Business

    Big purchases like equipment or software? They’re not just expenses; they’re tax-deductible investments that help your business grow.

  5. Pay Your Kids

    Got kids? Put them to work (legally, of course). Paying your children to help with age-appropriate tasks in your business not only teaches them the value of work but also allows you to deduct their wages as a business expense. Bonus: They can save for their future, and you reduce your taxable income.

The Bottom Line: Tax planning isn’t about being cheap—it’s about being smart.

Every dollar saved is a dollar you can reinvest into your goals and your future.

If you want to keep more of what you earn and start planning for lasting financial freedom, let’s chat.

Message me, and I’ll help you create a plan that works for you and your business.

Let’s do this!

🚀

Talk soon,

Alyssa J. Ciera

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