We wanted to share this case study with prospective clients. This is how we saved Ava and Jonathan over $9,000 in taxes in 2023:
See the Case Study here: Case Study: How we saved an HVAC Business Owner in NY Over $9,000 in taxes | Gamma
We wanted to share this case study with prospective clients. This is how we saved Ava and Jonathan over $9,000 in taxes in 2023:
See the Case Study here: Case Study: How we saved an HVAC Business Owner in NY Over $9,000 in taxes | Gamma
State Pass Thru Entity Tax Elections This is one of the most underutilized tax savings strategies for small business owners. Out of the 50 states in the US: 36 states (And NYC) have enacted a pass through entity (PTE) tax
The Qualified Business Income Deduction (QBID) One of the largest deductions for business owners is the Qualified Business Income Deduction (QBID). Many high-earning business owners do not get the max benefit from this deduction and do not even realize it.
As a business owner, it is extremely crucial to understand the IRS rules around deducting vehicle expenses so that you can use them to your advantage. There are two methods for claiming expenses on the use of your vehicle for