Tax time around the corner

If any of you guys are a little flush with cash from your business it’s a good time of year to buy from Distributors who run sales now.

If you have enough extra cash it’s also good to make some larger purchases because come tax time next year you can write these items off to offset your companies tax bill.

Any questions about this speak to your accountant.

I’m actually going to be investing more into my 401k instead. Still deductible.

Nice Chad. My wife and I since where both co-owners of our business we can take up to $10,000/yr each and put it into an IRA account where that money gets knocked off of the taxable income. This year I can say where not going to put away as much as we did last year(kids college can sure put a dent on things).