Tax Tips for Small Businesses From Our In-House Expert
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Tax Tips for Small Businesses From Our In-House Expert
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In this tax season debrief, Bailey Rinderknecht, the CPA who processed 81 tax returns for The Profitability Project, shares insider secrets you won't hear anywhere else. From screenshot nightmares to $3,000 tax savings discoveries, Bailey explains the hidden world between business owners and the IRS. She clears up misconceptions about S Corps versus LLCs while showing exactly when business structures cost more than they save. The conversation follows Bailey's path from Utah CPA to Idaho financial strategist, including her family business background. Listeners learn Bailey's three most effective tax strategies, including the lesser known "Augusta rule" and board of directors approach that transforms family activities into legitimate business expenses. This practical episode delivers tax wisdom every business owner needs before it's too late, with Bailey's guarantee: use her strategies and save more than you spend, or she'll refund your money.
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