It's time to invest in your business to help it grow and maximize productivity. But how can investing affect your taxes? That's what we're talking about in today's podcast.
What are the ways you can invest in your business?
Business Assets: Anything purchased for your business in order to operate or grow operations (technology, tools, real estate, vehicles, employees, etc.)
Stocks: Actually investing profits or business money into the market.
Employee benefits: Any type of monetary investment into benefits and programs that are a priority for you to your employees. (Retirement funds, health care, etc.)
How can investing affect your taxes?
Various investments will have different implications for your taxes year after year. You need to take into account the efficiency of certain investments, the useful life of assets, as well as gains and payouts from stocks, and what that looks like in a given year.
What’s Inside:
Mentioned In This Episode:
Modern CPA Online
ModernCPA - YouTube
It's time to invest in your business to help it grow and maximize productivity. But how can investing affect your taxes? That's what we're talking about in today's podcast.
What are the ways you can invest in your business?
Business Assets: Anything purchased for your business in order to operate or grow operations (technology, tools, real estate, vehicles, employees, etc.)
Stocks: Actually investing profits or business money into the market.
Employee benefits: Any type of monetary investment into benefits and programs that are a priority for you to your employees. (Retirement funds, health care, etc.)
How can investing affect your taxes?
Various investments will have different implications for your taxes year after year. You need to take into account the efficiency of certain investments, the useful life of assets, as well as gains and payouts from stocks, and what that looks like in a given year.
What’s Inside:
Mentioned In This Episode:
Modern CPA Online
ModernCPA - YouTube