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February 24, 2021
4:00 PM - 5:30 PM
Time Details:
4:00pm - 5:30pm
Virtual - Your desk, Ipad, Laptop
Frederick, MD 21701
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Start Up Grind: Get Moving on Optimizing Your Small Business Tax Strategy for 2021

Wednesday, February 24, 2021

Tp help you deal with the Tax Man, we are having a Virtual Fireside Chat February 24th. Determining if your business qualifies for Qualified Business Income Deduction. How it is computed and understanding its benefits. Comprehending the MD’s 523 payment and benefits it can generate for a small business. Discussing the requirement to do quarterly tax payments if you are self-employed or a partner in a partnership. Understanding the importance of deducting ordinary and necessary businesses and their differences. Discussing what types of items meet the vague IRS definition of “ordinary and necessary.” Preparing for retirement through funding and profitability, and illustration of the time value of money, reinforcing the benefit of saving today. We are very pleased to have CPAs from LSWG CPAs as our Fireside Chat guests. They are Ted Gregory and Jon Holmes who will begin to guide us through what Einstein calls the “hardest thing in the world to understand.”

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