Money Matters: A Business Owner's Guide to Smart Tax Strategy
Episode Summary
In this episode of the Make Space for More podcast, host Melissa Swink chatted with tax expert Carmine Guida Jr. to explore the intricacies of tax planning and strategy for business owners. You don’t want to miss this conversation about the importance of proactive tax planning, the evolution of Carmine's business, and the impact of recent tax law changes.
Carmine shared about the need for strong communication between accountants and clients, common misconceptions about tax deductions, and best practices for hiring employees. He also provided valuable insights on audit readiness and the importance of maintaining proper documentation. Stay to the end; you don’t want to miss helpful resources for business owners seeking to enhance their financial strategies.
Key Highlights:
Discover why waiting until tax season to talk to your accountant might be costing you thousands in missed opportunities.
Learn how proactive tax planning can transform your business from reactive to strategic when it comes to financial decisions.
Understand the crucial difference between tax preparation and tax planning - and why it matters for your bottom line.
Find out why showing more income (not less) might actually be the smart move for your business growth.
Get the inside scoop on commonly overlooked deductions that could be game-changers for your business.
Learn how to build a relationship with your accountant that goes beyond annual tax returns to create real financial strategy.
About Our Guest:
Carmine Guida Jr. is a Partner at Basso & Guida, bringing over 15 years of experience in individual and business tax planning. Known for providing top-level professional advice in a clear and approachable manner, he helps clients navigate complex financial decisions with confidence. Under his leadership, Basso & Guida has been recognized as a Dan’s Papers Hall of Fame winner for Best Accounting Firm on the North and South Fork of Long Island, NY, solidifying its reputation for excellence.
About Melissa:
Melissa Swink, Founder & CEO of Melissa Swink & Co., has a team of virtual assistants who provide administrative and marketing support for small businesses and non-profits.
Since 2012, Melissa and her team have helped more than 100 businesses grow through the services they offer, and she is dedicated to helping entrepreneurs create profitable, scalable businesses they love.
Her work is all about doing what works (and eliminating what doesn’t) and driving real, measurable results. Visit www.melissaswink.com to learn more!
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