Razvan Syyed CA’s Post

Top 2 Ways to Generate Tax-Free Money with Your Home... Your personal residence can be a powerful tool for reducing your taxes. Here’s how you can take advantage of it: → Section 280A: If you run a business and earn money from third parties (not W-2 income), consider holding up to 14 business meetings at your home each year. Your business can pay you rent for using your home, which is tax-deductible for the business and tax-free for you. This strategy generates tax-free income from your residence while reducing your business’s taxable income. → Accountable Plan: Set up an accountable plan for your business. If you work from home a few days a week, you can reimburse yourself for business expenses, making this money tax-free. An accountable plan ensures business expenses are properly documented and reimbursed, allowing you to withdraw more money from your business without paying taxes on it. Using these strategies, you can save more on taxes and keep more money in your pocket. #tax #smallbusiness #taxtips 

𝐓𝐚𝐱 𝐓𝐢𝐩: 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐘𝐨𝐮𝐫 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬 💼✨ Did you know that many small business owners overlook potential tax deductions? Keep meticulous records of all business-related expenses, including home office costs, marketing expenses, and travel. Not sure what qualifies? 📞 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐉𝐮𝐧𝐲𝐚𝐧 𝐚𝐧𝐝 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬 𝐚𝐭 𝟎𝟕𝟐𝟒𝟕𝟖𝟔𝟎𝟖𝟗 for personalized advice to maximize your savings! Let's make tax season stress-free! 💰 #TaxTips #TaxPlanning #SmallBusiness

𝗠𝗮𝘅𝗶𝗺𝗶𝘇𝗲 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝗮𝘃𝗶𝗻𝗴𝘀 𝘄𝗶𝘁𝗵 𝗧𝗵𝗲𝘀𝗲 𝗧𝗮𝘅 𝗗𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻𝘀! Are you missing out on valuable savings? From Home Office Deductions to Startup Costs and Education Expenses, these essential tax breaks can help you keep more money in your business and fuel its growth. Are you using tax strategies that work for you? Drop a 'YES' in the comments if you're ready to stop overpaying on taxes! Follow Accio Finance for more tips to keep your business finances in check. #TaxTips #BusinessFinances #SmallBusinessSupport #FinanceStrategy #AccioFinance

RESTORATION BUSINESS OWNERS! Are you tracking these tax deductions? Many miss out on: 🔘 Equipment purchases under Section 179: Write off up to 100% in the year of purchase. 🔘 Mileage for site visits, driving to job sites, and supplier runs: Even if free estimate visits don’t generate income, you can still deduct the mileage, reducing your taxable income. 🔘 Home office expenses: Admin work from home can lower your taxable income. Don’t let overlooked deductions cost you. DM us to find out how a Tax Assessment can uncover savings specific to your industry! #RestorationBusiness #TaxDeductions #TaxSavings #SmallBusinessTaxes #Section179 #MileageDeductions #HomeOfficeSavings #BusinessTaxTips #KeepMoreMoney #SvarogTaxServices #TaxSeason2025 #EntrepreneurLife #BusinessOwners

Not all business expenses are the same when it comes to taxes. Maximizing deductions can significantly lower your taxable income, putting more money back in your pocket. But be sure to claim only legitimate deductions to avoid trouble with the IRS. Common deductible expenses include: ✅ Office Supplies ✅ Advertising and Marketing ✅ Travel Expenses ✅ Professional Services (like Accounting or Legal Fees) ✅ Business Insurance Premiums ✅ Utilities Talk to your accountant for personalized advice on maximizing deductions. They'll help you navigate tax laws and ensure you take full advantage of available deductions. Call 1West at (888) 881-9378 (WEST) today. Our experts are ready to answer all your questions! 📞💰 #business #businessfinancing #smallbusinessfinance #businessfunding #smallbusinessloans #smallbizfunding #businesscredit #financialsolutions

Running your business from home? You may be eligible to deduct certain expenses on your taxes, such as a portion of your rent, utilities, and internet. If you’re not sure where to start, CRS Group’s experts can help you identify these deductions and maximise your tax savings. Get in touch 🖱️ www.crs-group.co.za ✉️ Info@crs-group.co.za 📞 079 495 5146 #CRSGroup #CloudAccounting #DigitalTransformation #TheMoreYouKnow #BusinessEfficiency #CRSGroupCenturion #CRSGroupLangebaan

Business Owners! Quick Fact: You can make estimated tax payments online at www.irs.gov. It's fast, secure, and saves you a trip to the post office! #estimatedtaxpayments #taxplanning

Every penny counts, especially when it comes to your tax return. Are you claiming everything your business is entitled to? From home office expenses to travel costs, there’s likely more you can save than you think. Here’s how to start: 1️⃣ Keep detailed records of all expenses throughout the year. 2️⃣ Track mixed-use items (like your car or phone) to claim the business portion. 3️⃣ Don’t overlook industry-specific deductions – they can add up fast! At Oakes Accounting, we specialise in uncovering every deduction you qualify for, so you keep more of what you earn. Let us take the guesswork out of the process and make tax time stress-free. 📞 Call us today on 0151 342 7669 🌐 Visit us at oakesaccounting.co.uk #taxdeductions #businessfinance #accountingtips #smallbusinessuk #taxsavings #financialclarity #oakesaccounting #bookkeepingtips #businessgrowth

💼 Want to be a super taxpayer? As business owners and investors, you have the opportunity to tap into major tax code incentives. 📑 Did you know that there are numerous expenses you can deduct from your income? It's true! You may be leaving money on the table by not fully utilizing these exemptions. From office supplies to travel costs, here's how we can serve you by helping you save big: 1️⃣ Understand the 80,000-page tax code 2️⃣ Identify deductible expenses 3️⃣ Claim your deductions wisely 💰 Remember, every penny saved is a penny earned. Don't let these opportunities slip through your fingers! #TaxSavings #BusinessOwners #Investors #taxsmarts #businessplanning #GreenPath #localbusiness #LorainCounty

Small business owners, are you aware of all the tax deductions available to you? From home office expenses to business travel, there might be savings you're missing out on. What's the most surprising deduction you've learned about? #smallbusinesstax #taxdeductions #entrepreneurlife #businessexpenses #moneysaving