Who likes to owe money back in taxes? At face level, the answer is nobody. As you start your journey as a small business owner, you want to hold onto as much revenue as possible. Taxes can seem like an abyss of the unknown - or even the enemy.
However, owing business taxes can be indicative of some good things. The real obstacle is figuring out how to strategically minimize what you owe over time. Consider how a monthly accountant can help reduce your long-term tax liability.
For over 50 years, CSI Accounting & Payroll has worked with small business owners to close books, create financial statements, and offer expert advice each month to minimize what is owed in taxes - even if it means paying a little more this year for the sake of saving a lot more next year.
Other business owners who talked to us about tax strategy wanted to know:
- How can owing taxes be a good thing?
- How can I pay more this year to save more next year?
- How can a monthly accountant help me reach my tax goals?