We got a chance to speak with my friend and CPA, Suzanne Docobo.
Suzanne always wanted to be a therapist, but she was great with numbers and her dad persuaded her to go into accounting.
When most people think about taxes, it happens at the end of or beginning of the year. BUT, if you're a business owner, that continues to increase your income, you should be talking about taxes all year round.
Working with an accountant is essential for yourself and your business.
Most people look at an accountant as an expense when in reality working with the RIGHT accountant can potentially save you thousands of dollars in taxes.
When my income started to increase my accountant switched how my corporation was taxed and literally he saved me $5,000, that is a vacation for you and someone else, just saying!
Taxes are one of the biggest expenses we have, wouldn't it be great to know how to reduce your tax expenses?
We also wanted to thank those of you who wrote in about your tax questions. Suzanne answers them right on the podcast.
What is the Best Entity to Set Up for my Practice?
What Records are my Responsibility to Maintain and which are my Accountants Responsibility?
Is the Home Office Deduction a Red Flag?
PPS - DID YOU HEAR?? We've been featured for Brighter Vision's "Best of 2017 Therapist Resources Awards"! We wanted to ask you to take part in this vote for who you think provided you guys with the BEST #NinjaTips and #ValueBombs in 2017. Vote TODAY.