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Thrivetime Show | Business School without the BS

Tax Saving Moves to Implement as a Business Owner

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneur, Thrivetime, Businessschool, Smallbusiness, Entrepreneurship

4.81.5K Ratings

🗓️ 6 February 2018

⏱️ 23 minutes

🧾️ Download transcript

Summary

We are breaking down some tax saving moves that you need to visit with your accountant about at your next planned meeting. Download previous podcast episodes at www.thrivetimeshow.com to learn more.

Transcript

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0:00.0

Get ready to enter the Thrive Time Show.

0:05.0

3, 2, 1, boom!

0:08.0

All right, Thrive Nation, welcome back to the conversation.

0:11.0

It is the Thrive Time Show on your radio. Now we are

0:14.7

answering the questions that you have emailed to us at info at thrive time show

0:19.3

dot com and this question we're going to be dwelling on today is how to save taxes as a business owner.

0:26.4

All right?

0:27.4

So the next move, once you have, once you've implemented Move 1, hire a productive accountant

0:31.6

and bookkeeper, two, onceactive Accountant and Bookkeeper.

0:32.6

2, once you've scheduled a regular reoccurring meeting

0:35.4

with the Proactive Accountant or Bookkeeper,

0:38.8

third, they might recommend for you to defer income.

0:41.7

That's something you need to talk to your accountant about.

0:43.4

Whether you should take income this year or next year, I would highly recommend you take

0:47.9

income whenever it's coming, but some people recommend deferring it and I am not an accountant

0:52.3

but I would highly recommend you take money

0:54.5

as the money is available,

0:55.6

because I've seen it almost every single time.

0:58.3

Everybody who defers their income finds that that income is not available.

1:02.0

Later, Steve Kirk.

1:03.0

Clay, I like to take money when it's not there.

1:07.0

Nice.

...

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