As a small business owner, acquiring new vehicles or equipment is a decision that comes with significant financial implications. One of the most common questions that business owners face is whether to lease or buy these assets. The answer isn’t always...
Depreciation is a powerful tool that can significantly impact your business's financial health. As a business owner, understanding how to leverage different types of depreciation can help you maximize tax benefits, manage cash flow, and make informed decisions about...
7 Strategies to Reduce Taxes When Facing a Long-Term Capital Gain - When it comes to selling a business, real estate, or any other large asset, many people don't realize the significant tax implications until it's too late. A unique life event like this—where there’s...
Boost Your Business: The Importance of Regular Financial Check-Ins - I want to discuss a topic that’s often overlooked but is absolutely crucial for the success and longevity of your business: regularly checking your finances. It’s easy to get caught up in the daily...
Saving money on taxes doesn't have to be as complicated as many people think. While the implementation and audit-proofing processes require effort, identifying tax savings opportunities is straightforward. Here are key strategies to help you reduce your tax burden and...
Spring Clean Your Finances: Post-Tax Season Strategies for Fresh Success- As the owner of Phillips Business Group, I have seen firsthand the aftermath of tax season—it's like a season finale of your favorite drama series, but with more paper and less popcorn. And just...
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