Episode 489: Tax Deductions You're Missing That Are Costing You Money with Kimberly Tara
Dec 10, 2024
What if taxes could actually help you make more money?
In this episode, Kimberly Tara breaks down tax strategies that every CEO mom needs to know to build wealth and confidence. Kimberly is a CPA, tax strategist, and certified tax coach who specializes in helping CEO moms proactively plan and prepare their taxes to build wealth and maximize their financial potential. From understanding basic deductions to advanced tax strategies, Kimberly simplifies the process and encourages listeners to take charge of their financial planning. Whether taxes overwhelm you or excite you, this episode has actionable insights for everyone.
Tune in to hear:
- How tax planning isn’t just for the wealthy—it’s essential for small business owners starting at a certain income level. Start planning your proactive tax strategy year-round, not just during tax season.
- Importance of keeping meticulous records and how to transform everyday expenses (like meals and travel) into legitimate business deductions.
- Employing creative strategies like hiring your children for legitimate business tasks to save on taxes while teaching them financial literacy.
- Understand the differences between LLCs and S-Corps and how choosing the right entity at the right time can maximize tax savings.
- Why you should partner with a tax strategist, not just a preparer, to unlock long-term financial benefits and simplify your tax journey.
CONNECT WITH TARA:
Website: taracpafirm.com
Instagram: @kimberlytaracpa
S Scorp Success Private Podcast
12 Tax Deductions You're Missing That Are Costing You Money
CONNECT WITH HOLLY:
• ASK ME ANYTHING: www.hollymariehaynes.com/chat
• WATCH THE EPISODE AND BONUS CONTENT ON YOUTUBE: www.youtube.com/@hollymariehaynes
• DOWNLOAD THE FREE INCOME STACKING MASTERCLASS: www.hollymariehaynes.com/profit
• WORK WITH HOLLY: www.hollymariehaynes.com/workwithme
