Financial Fitness for Entrepreneurs: Demystifying Accounting and Taxation

As an independent contractor, you have access to several valuable tax advantages—provided you take full advantage of them!

• Business Expenses: These encompass the ordinary and necessary costs associated with your work, such as office supplies, business travel, and your business cell phone.
• Record-Keeping: These are the costs involved in compiling and maintaining your expense records.
• Health Insurance Premiums: You can benefit from the Self-Employed Health Insurance deduction.
• Education and Training: These expenses relate to maintaining and improving your professional skills and credentials.
• Retirement Contributions: Plans like Simplified Employee Pensions (SEPs) and Solo 401(k)s offer generous contribution limits that can reduce your current taxable income.
• Depreciation and Amortization: This applies to larger capital and goodwill purchases, providing a method to recover your investment.

In this valuable webinar, you will walk away with the answers to all your biz accounting questions.

Expert BIO

With over 25 years of experience, Paul is a seasoned business management and tax services professional. He specializes in assisting Snap-on franchise owners and offers expert investment advice, tax preparation, and bookkeeping. Armed with a degree in Physics and Math, he brings a unique analytical perspective to his work, prioritizing ethics, honesty, and strategic decision-making, which helps fuel his clients’ financial success.