Smart Tax Tips - S-Corps

There’s a lot of hype online about switching to an S Corp—promises of massive tax savings and “must-do” advice. But is it really the right move for your business?

In this down-to-earth, practical webinar, Angi McClish, CPA, will walk you through exactly what you need to know to make the right decision for your situation!

We’ll cover:

• How S Corp taxes compare to Sole Proprietorships, C Corps, and Partnerships

• Whether becoming an S Corp will actually save you money

• If the benefits are worth the added complexity
  What annual requirements you’ll need to meet

Smart Tax Tips - Estimated Taxes

Learn the basics of estimated taxes, and why they’re important to you as a business owner.

We’ll cover:

• Due dates for estimated taxes

• Safe harbors and effective planning

• Strategies to avoid costly penalties

• Key questions to ask your tax preparer

Smart tax Tips - Last Call for Write Offs

Learn some of the big write-off questions we get, like vehicle purchases, inventory, equipment, meals and entertainment, etc.

We’ll cover:

• Vehicle purchases: what qualifies and what doesn’t

• Should you stock up on inventory before year end?

• Equipment and asset deductions (Section 179 anyone?)

• Meals and entertainment—what’s actually deductible

• Timing purchases and expenses to maximize your write-offs

• What not to do in a last-minute spending frenzy

Smart Tax Tips - Choice of Entity

Learn the most common entity types, including: Sole Proprietorships, Single-Member LLCs, Partnerships and Corporations (including S-Elections) and how to decide which one is the best for your business.

We’ll cover:

• Different entity types

• Which entity is best for your specific industry

• If the benefits are worth the added complexity

• What annual requirements you’ll need to meet

Smart Tax Tips - Year End (Q4) Tax Planning

Need to plan for expenses before 12/31? Considering becoming an S-Corp? Have questions you want to ask your tax preparer? We’ve got you covered! Unlock the Basics of Year-End Tax Planning in Q4.

We’ll cover:

• How to plan for expenses 

• Proper tax preparation and expense planning

• The requirements for becoming an S-election

• What to ask your tax preparer

Smart Tax Tips - Tax Planning in January

Gain insight on strategic actions you can take before the filing season kicks into high gear, ensuring you maximize your deductions and optimize your finances!

We’ll cover:

• Deductions you may have missed that are worth double-checking

• What documents should be ready for your CPA

• What NOT to do in a rush

• How to clean up any loose ends

• Common errors that slow filing or raise audit risks

• What reports matter most and what can be ignored

Smart Tax Tips - Home Office Deductions

Untangle one of the most misunderstood tax deductions for small business owners. We'll simplify the rules, and show you how to claim the home office deduction accurately and confidently!

We’ll cover:

• What qualifies as a 'home office' (and what doesn’t)

• The difference between the simplified and actual expense methods

• How to properly measure and calculate your deductible space

• What expenses you can include — utilities, internet, repairs, rent, and more

• Red flags and common mistakes that trigger IRS issues

• How this deduction affects homeowners vs. renters

Smart Tax Tips - Auto Expenses

Vehicle deductions can be incredibly valuable — but also confusing. In this session, we’ll walk you through the options so you can choose the method that best suits your business and saves you the most money!

We’ll cover:

• Should you lease or purchase for the best tax benefit?

• Mileage vs. actual expense method — how to pick a lane

• What vehicle costs are deductible (gas, insurance, repairs, depreciation, etc.)

• When a vehicle qualifies as a “business-use” vehicle

• How and when to track mileage

• What to do if you use the same car for business and personal trips

• What the IRS considers “commuting” (and why it matters)

• Common mistakes that cause people to lose deductions