Categories
Resources for Accountants

Tax Planning Strategies for Businesses [Video]

Tax Planning Strategies for Businesses

Here’s what it means for a business to engage in good tax planning:

Avoid income recognition by generating tax-exempt income.

Defer income recognition by postponing the sale of assets, doing a 1031 exchange.

Maximize deductions by keeping receipts for business meals, using a portion of your home exclusively for business (home office deduction).

Accelerate deductions by using § 179 expensing, bonus depreciation, cost segregation.

Maximize tax credits by hiring individuals who face obstacles finding a job (work opportunity tax credit).

You can also reduce your effective tax rate by:
• Shifting income from high-tax jurisdictions to low-tax jurisdictions
• Shifting income from high-bracket taxpayers to low-bracket taxpayers
• Shifting income from high-bracket tax years to low-bracket tax years
• Converting ordinary income to capital gains
• And avoiding double taxation

—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.
—
SUBSCRIBE FOR FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE
* http://eepurl.com/dIaa5z
—
HIRE MICHAEL MCLAUGHLIN, PHD, CPA
* https://michaelmclaughlin.com/hire-me
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/

Watch/Read More
  • Tags

Most Popular Posts Today

Starting a Bank Business Tips [Video]
►
Categories
Resources for Accountants

Starting a Bank Business Tips [Video]

How to start a Bank Business; 10 essential startup ingredients. Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htm - This is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your new business Also get free small business guides, tools, and worksheets at: https://www.bizmove.com

Ratio Analysis (Step by Step Financial Ratios Tutorial) – Part 1 of 33 [Video]
►
Categories
Resources for Accountants

Ratio Analysis (Step by Step Financial Ratios Tutorial) - Part 1 of 33 [Video]

In this tutorial, we will learn what is Ratio Analysis along with step by step instructions to calculate financial ratios.This is the 1st Part of our most comprehensive Ratio Analysis video series comprising of 33 videos. We have attempted to go beyond the conventional jargons in this extensive guide and instead focused on practical financial statement analysis used by Investment Bankers and Equity Research Analysts. In addition, using the Colgate Case Study, we have calculated Ratios in Excel from scratch (financials from 2016 to 2020).---------------------------------------What is Ratio Analysis?---------------------------------------Ratio analysis is a type of financial statement analysis that involves quantitative interpretation of a company's financial performance in different areas. It gives insightful information on the company's profitability, solvency, operational efficiency, and liquidity positions, as reflected by financial statements.----------------------------------What you need to do?----------------------------------Step 1: Download the Colgate Excel Model Ratio Analysis Template. This template will be used for the analysis. You can download the ratio analysis template from this link - https://www.wallstreetmojo.com/ratio-analysis-template/Step 2: Please note that we are providing you with downloadable and preformatted Excel spreadsheets to assist you in understanding and applying the concepts. You will receive two templates: 1) Unsolved Colgate Model 2) Completed Colgate ModelStep 3: Start by using the “Unsolved Colgate Model Template” for analysis by following the instructions step by step.Step 4: Good Luck! :-)--------------------------------------------To know more about Ratio Analysis in Finance, you can go to this link: https://www.wallstreetmojo.com/ratio-analysis/Connect with us! Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo

  • Tags

Most Popular This Week

Inspiring Short Stories | Seeking Happiness | Motivational & Inspirational Video [Video]
►
Categories
Resources for Accountants

Inspiring Short Stories | Seeking Happiness | Motivational & Inspirational Video [Video]

Seeking Happiness. Inspiring short stories. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.The motivational stories and famous anecdotes presented in this video are excerpts from our book: Top 100 motivational stories: the best inspirational short stories and anecdotes of all time. Get the book here: https://www.bizmove.com/inspiration/m9b.htm

  • Tags