Key Takeaways: Taxable income is the portion of income that is subject to tax after deductions and exemptions. Smart tax planning can reduce your taxable
Key Takeaways: Smart tax planning can increase profit margins by up to 15%. Income deferral techniques lower current tax bills by deferring earnings to a
Key Takeaways Proactive tax planning is essential for minimizing liabilities, ensuring legal compliance, and supporting your business’s financial health and growth. Make the most of
Key Takeaways: Start early with tax planning to avoid mistakes and maximize savings. Keep accurate records for smooth filing and to reduce audit risks. Work
Key Takeaways: Maximize Deductions & Credits: Reduce taxable income with eligible expenses and tax credits. Utilize Section 179 Deduction: Deduct the full cost of qualifying
Key Takeaways: Strategic tax planning optimizes profits and ensures compliance. Minimizing tax liabilities enhances financial stability. Corporate tax rates impact investment decisions. Choosing the right
Key Takeaways: Choosing the right business structure impacts tax planning, liability protection, and business growth. Different structures have unique tax obligations, including pass-through taxation and
Key Takeaways: Tax planning is essential for maximizing profits, minimizing liabilities, and ensuring compliance. Optimized cash flow allows startups to reinvest savings into growth and
With 27 years of experience, Joel S. Smith, CPA helps business owners make sense of their finances and drive profitability. A UC Berkeley grad with a Master’s in Taxation, he’s a Certified Public Accountant (CPA) and Certified Management Accountant (CMA).
Joel has worked across industries like real estate, construction, and professional services. As a member of the CFO Project, he provides business owners with the clarity and strategy they need to grow.
