Business Mistakes

They get rich from your mistakes...

April 24, 20242 min read

by: Alysha Pruitt Harvey, MAcc, EA, CTS, CTC, CTP, People Advisor

Most business owners know this is the truth.

Uncle Sam has gotten rich off of all the mistakes small business owners make.

But the mass amount of money business owners lose out to the IRS is totally avoidable.

This is why I know you need tax planning.

There is so much that can go wrong.

And then you end up paying a lot of dumb taxes you don't owe.

Things like...

  • Mingling personal and business finances

  • Missing out on big deductions and credits

  • Not properly tracking income and expenses

  • Skipping quarterly estimated tax payments

  • Not understanding how to maximize home office deductions

  • Not engaging in tax planning or having an old tax plan that skips the recent tax code changes.

  • Missing out on incentives and loopholes available to you that could amount to thousands of dollars (such as the stimulus check, PPP loan, EIDL, tax deferral, rental loopholes...)

These are some of the stupid ways that Uncle Sam takes away part of your wealth.

And it only gets worse from there.

Because most people tell me that they know they should be doing these things.

But it is hard for them to do it on their own because they don't know where to start, or how to keep themselves accountable.

It gets very stressful to stay up late at night worrying about your tax bills and all the things that can go wrong.

But what if we could keep you accountable?

Keep you on track.

And you could stop paying all those high tax bills...

Yeah? Do you want that?

Awesome!

Talk to us here https://calendly.com/alyshaharvey/strategy


© 2024 Distinct Tax, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This email may only be used pursuant to our Terms & Use Agreement and Privacy Policy. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Distinct Tax, LLC or by email at [email protected].

 

businessmistakestaxestaxdeduction
blog author image

Alysha Pruitt Harvey, MAcc, EA, CTS, CTC, CTP, People Advisor

Alysha Pruitt Harvey is a highly-accomplished serial entrepreneur; a business consultant, tax strategist, and accountant by trade. She is the first black woman to be Certified Tax Specialist by American Institute of Certified Tax Planners. She is best known for founding Distinct Tax Consulting Group and Distinct Financial Services. Established in 2013, the firm has seen great success under her leadership. In addition to her impressive resume and high-caliber of service, she also wrote Risk it All: Wounds to Wisdom, an informative book which dives into the struggles that entrepreneurs often face in different phases of their businesses. Her story is one of ambition, courage and humility.

Back to Blog
Hours of Operation

During Tax Season (January 1 - April 15)

Monday - Friday 9:00 AM - 5:00 PM

Saturday and Sunday - Closed

​​

Post-Tax Season (April 16 - November 30)

Tuesday - Thursday 9:00 AM - 5:00 PM

Monday and Friday - Closed

Saturday and Sunday - Closed

Pre-Tax Season (December)

Appointment Only

CONTACT US

2024 © Distinct Tax Consulting Group, LLC

All Rights Reserved
Terms and Conditions | Privacy Policy

Hours of Operation

During Tax Season (January 1 - April 15)

Monday - Friday 9:00 AM - 5:00 PM

Saturday and Sunday - Closed

​​

Post-Tax Season (April 16 - November 30)

Tuesday - Thursday 9:00 AM - 5:00 PM

Monday and Friday - Closed

Saturday and Sunday - Closed

Pre-Tax Season (December)

Appointment Only

CONTACT US

2024 © Distinct Tax Consulting Group, LLC All Rights Reserved
Terms and Conditions | Privacy Policy