#taxseason #taxwriteoffs #ownersdrawsIn this episode of Here's The Deal we get into #taxseason and #taxwriteoffs . Tax write offs, #ownersdraws , etc are #legal , but are they always the best strategy for your long term goals? If you are new in business, or you have been in business a while, you should be thinking #exitstrategy . One thing I like to talk to my clients about is buying the #realestate you operate the company out of. You can sell the #operatingcompany, and collect a #rent check every month from the new owner while you are #golfing , or in #Fiji. You need a #bankloan to get the best #rates, and terms, to get that you must show #DSC (Debt Service Coverage) on a #taxreturn, and when you do that, YOU WILL PAY TAXES.
#entrepreneur #CPA #businessattorney #buisinesslending
