Avoid Bogus Strategies: Effective Year-End Tax Planning

Download the spreadsheet in the video here: learn.claracfo.com/simple-tax...
Have you ever heard about year-end tax strategies that sound great and promise to save you TONS of money on taxes? Well, most of those strategies tend to involve spending money to save on taxes. We recommend a high degree of skepticism on ANY tax advice given on the internet (ourselves included), and we want to help YOU determine if these strategies actually make any sense for you.
Don't get caught in a trap to save on taxes while making yourself cash poor in the process.
This video shows you how much you can actually spend to lower your tax bill and Hannah talks about WHAT kinds of things make the most sense to spend on at year-end.
To learn more about CFO services, go to: claracfo.com/cfo-services/
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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
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[@user-tt4ee1tq5n]

I appreciate your immensely informative videos. Watching them has significantly enhanced my understanding. I would like to request a video specifically tailored for individuals aspiring to start a bookkeeping business. While there are numerous videos on this topic, none delve into the practicalities of collecting client data for entries into QuickBooks.
It would be immensely valuable if you could address various scenarios, such as when clients' employees handle transaction entries. Do they typically send all records to you via mail, or do they store copies of transactions/receipts on a shared drive, providing you with access? Exploring these practical aspects would greatly benefit those venturing into the bookkeeping business.
Your insights into these operational details would be highly appreciated, and I believe such a video could offer invaluable guidance. Thank you in advance for considering this request.

[@maryhegrat6001]

Very helpful worksheet - thank you!

[@ClaraCFO]

Glad it helped!!

[@dailymomentum]

Thanks for sharing 😊

[@ClaraCFO]

happy to!

[@GarthShinn]

Does this hold true for C Corps?

[@ClaraCFO]

Usually C corps are on accrual basis - this is specifically for cash-basis tax planning.