Weekly Tax Tips February 25th

Weekly Tax Tips

February 25, 2024

newsletter-title

Trivia Question❓

Which famous American entrepreneur once said, "The biggest advice I can give an entrepreneur is that they need to pay their taxes, because that’s a serious thing"?

Answer at the bottom of the newsletter

Tip of the Day

Utilize tax credits and deductions for training employees or investing in new technology to reduce your taxable income and save money.

Interesting Facts

  • Setting up a retirement plan for your employees can help lower your business's taxable income while also attracting and retaining top talent.


  • Certain business expenses, such as professional development courses and work-related travel expenses, can be deducted from your taxes to help reduce your overall tax liability.


  • Implementing green initiatives in your business, such as energy-efficient upgrades and using sustainable practices, can potentially qualify you for tax credits and deductions.


You Deserve a Laugh

Why did the accountant break up with the tax return?

Because it wasn't adding up!

Quote of the Week

"Every penny saved on taxes is a penny that can be reinvested back into your growing business."

💡 Answer to Trivia Question:

Mark Cuban