Tom's Thoughts this week...(20201113)
This week on our blog...
Time is running out on 2020. Anyone else but me celebrating that? There are lots of distractions right now but don't let those distractions distract you from looking ahead to 2021 and your taxes. Business owners should really take a look at this tax planning tips list prepared by Susan S. Bryant of The MB Group and act NOW to project their expected Federal income tax liability, identify potential opportunities for minimizing taxes, and execute the plans prior to year-end. READ MORE
This week on our podcast...
Did you catch our podcast on Monday? Are you ready for 2021? Is your business? Many business owners don’t take the time to think strategically and plan their upcoming year. As we wind down 2020, and hopefully put this one in the rearview mirror as quickly as possible, today’s Maximize Business Value podcast focuses on what you can do NOW to be ready. I chat with Susan Bryant, CPA and Cleve Clinton, attorney about some of the things a business owner should really take time to think about before the end of the year - like corporate structure, year-end tax to-do lists, and tax strategies for this year and next. Listen in, get your list, and start building long term value in your business today. Hope you catch it here or watch us on youtube. No time to read, here is the transcript.
This week on my screen and on my mind...
Common Tax Deductions Business Owners Miss LINK
So fun to have Susan and Cleve on the MBV Podcast this week. In addition to the year-end planning blog Susan wrote on our website this week, here's another great article from Susan regarding deductions that many business owners miss.
Hackers Perpetrate Wire Transfer Fraud in Real Estate Transactions LINK
And, on Cleve's side, there is a particularly compelling article about preventing wire fraud. I've been a victim of this one in one of my businesses. Wish I had read this article before that incident.
Turkey Talk LINK
My Thanksgiving turkey arrives tomorrow! I almost always get my meat from local farms - because it's just better. I can't explain it. If you're in the DFW area, check out our friends at Holleman Farms - they even deliver weekly right to your home!
Is Your Marketing Feeling Neglected? LINK
This Thursday we will be hosting our monthly webinar series at 10:30 AM. The goal of this webinar is to educate business owners on Things You Can Do Right Now to Improve the Value of Your Business. Joining us, we have two marketing geniuses, Michael Orr and Michael Rose. (Kim calls them "The Mikes of Marketing.") I hope each of you will attend and invite someone you know that could use this valuable information.
CHECK OUT THE MASTERY PARTNERS WEBSITE HERE FOR MORE RESOURCES
Whenever you’re ready, here are three ways I can help you maximize business value:
Order my book Maximize Business Value, Begin with the Exit in Mind. It provides the roadmap business owners need to start moving toward a successful transition.
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Hope you are safe and maximizing business value!