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: Deductions VS. Credits: Tax deductions reduce taxable income, while tax credits directly lower your tax bill. Knowing the difference can significantly affect your
Key Takeaways: Identifying your business’s specific tax needs is the foundation of effective tax planning. Define short- and long-term tax goals that align with your
Key Takeaways: Business tax planning helps entrepreneurs minimize liabilities and maximize profits. Different tax types (income, payroll, sales) impact financial obligations based on location and
Key Takeaways: Understanding Deductions: Track business expenses like salaries, rent, and professional development for maximum deductions. Home Office & Advertising Costs: Deduct eligible home office
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.
