Note: We are not tax experts and you should always consult your tax professional

Taxes - the inevitable but often bewildering aspect of business and personal finance. In this episode, we unravel the complexities of American and European tax systems and examine the influence of companies like QuickBooks and TurboTax. Listen in as we explore the challenges faced by small businesses and agencies during tax time, and share various ways to manage tax liabilities responsibly.

In the second half, we shift our focus to understanding liability and its impact on your business and personal finances. Discover the differences between LLCs, S Corps, and C Corps, and their effects on tax liability. Learn the importance of working with tax professionals to manage your business's taxes, including quarterly estimated tax payments and planning for the upcoming fiscal year. Don't miss out on valuable insights and common mistakes made when filing taxes, and understand the value of having a tax professional to assist you throughout the process.

Chapters:

(0:00:01) - Small Business Tax & Cash Management

(0:13:16) - Tax Strategies for Small Businesses

(0:19:49) - Tax Talk

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