• Top 3 End of Year Tax Strategies for Business Owners

  • Dec 5 2024
  • Length: 10 mins
  • Podcast

Top 3 End of Year Tax Strategies for Business Owners

Listen for free

View show details

  • Summary

  • We’re almost at the end of the year, and if you’re like many solo business owners—whether you’re running a sole proprietorship, LLC, or an LLC taxed as an S-corp—let’s be honest: you’ve probably done little to no tax or financial planning for your business this year.


    But don’t worry! Today, we’re going to cover three key action items you should tackle before the year ends. Trust me, you won’t want to miss this.


    Key Topics:

    • 3 Action Items to Check Before the Year Ends (00:00)
    • #1: Review Your Profit and Loss Statement (01:55)
    • #2: Review Tax Withholding (04:14)
    • Underwithholding Penalties (and avoiding them) (05:10)
    • #3: Setting Up a Solo 401(k) (07:16)
    • Wrap Up (09:32)


    Resources Mentioned:

    • Underwithholding episode
    • Article to solo 401k


    This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠https://mdrnwealth.com/blog/⁠⁠⁠⁠⁠⁠⁠⁠

    If you need specific advice, you can contact us at Advice@mdrnwealth.com or at: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.mdrnwealth.com⁠⁠
    Show More Show Less
Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Top 3 End of Year Tax Strategies for Business Owners

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available