Vita’s Tip in 10 with Vita Vygovska: Use This End-Of-Year Strategy To Reduce Your Taxes

Episode 245 of Window Treatments for Profit

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245: Vita’s Tip in 10 with Vita Vygovska: Use This End-Of-Year Strategy To Reduce Your Taxes

Today with Vita Vygovska:

Welcome to Window Treatments for Profit. In today’s episode, Vita teaches us about how to reduce our tax liability by spending more on our business before the end of the year. She explains why this strategy might be useful for some businesses that have had a good year, and gives examples of the types of expenses that can be front-loaded into December.

Vita’s Ah-Ha Moments:

“It starts with a deep dive into your QuickBooks. Go through it line by line, expand it to its detailed form, and look at every single line item. Ask yourself, ‘Will I incur this expense next year, especially in the first quarter?’ If the answer is yes, consider front-loading it into this year to decrease your tax liability.” -Vita

More About Vita Vygovska:

Vitalia Vygovska (Vita for short!), CWFP, MBA, is an award-winning window treatment specialist, author, speaker, and the LuAnn University instructor for Systems Driven Operations.