When it comes to taxes, there are two types of people. There are those that get it done early, also known as psychopaths, and then the rest of us.”    Jimmy Kimmel

YES, it is that time of year, Valentine’s Day. Your Frederick Startup Grind Team is wishing you a happy day of love and caring.

HOWEVER, after the day of wine, roses and candy cometh the “TAX MAN.” And to help you deal with “him,” prove Dr. Einstein somewhat wrong, and believe it is okay to be a psychopath (for a while) we are having a Virtual Fireside Chat February 24th, Get Moving on Optimizing Your Small Business Tax Strategy for 2021.”   

SPECIFIC OBJECTIVES

 Determining if your business qualifies for Qualified Business Income Deduction. How it is computed and understanding its benefits.

 Comprehending the MD’s 523 payment and benefits it can generate for a small business.

 Reviewing important IRS issues relating to reasonable compensation.

 Discussing the requirement to do quarterly tax payments if you are self-employed or a partner in a partnership.

 Understanding the importance of deducting ordinary and necessary businesses and their differences. Discussing what types of items meet the vague IRS definition of “ordinary and necessary.”

 Preparing for retirement through funding and profitability, and illustration of the time value of money, reinforcing the benefit of saving today.

We are very pleased to have two Principals, CPAs from LSWG CPAs as our Fireside Chat guests. They are Ted Gregory and Jon Holmes who will begin to guide us through what Einstein calls the “hardest thing in the world to understand.” They have extensive years of experience in working with small businesses and their tax challenges. You can read more about Ted and Jon on our website.

Become a “psychopath” in the words of Jimmy Kimmel, by registering below for this informative and highly applicable event on February 24th.