EWH Small Business Accounting Hosts "Tax Essentials for Businesses"

EWH Small Business Accounting S.C. is hosting “Tax Essentials” on September 7, 2022, 8:30am - 11:00 a.m. at their offices at 20670 Watertown Road, Waukesha, Wis. 53186.

Joseph Hastreiter said, “Once you have built a profitable business that cashflows, having a tax strategy that minimizes your taxes is essential to building long-term personal wealth. Taxes is one of the biggest expenses of our lifetime, and tax efficiency is a huge factor in building long-term wealth.”

The program will focus on understanding the basic concepts related to understanding taxes, and tips to help save on fees. Topics vary from a general overview of taxes to how to implement a tax strategy that makes sense for you and your business. Concentration will be on:

· Five factors impacting your tax position

· Standard and itemized deductions

· Common business and personal deductions to help you reduce your tax liability

· Basic overview of reading your personal tax return

· Know when you’re taxed if taking money out of your business

· Tax-saving vehicles such as retirement plans and HSAs

· Red flags to help you avoid an audit

· Maintaining an audit trail to account for all cash coming in and out

· How Section 179 and cost segregation studies can lower your tax liability

· Why paying off your business loans doesn’t reduce your taxes

· Pass-through entities and the S Corporation option

· What is double taxation on C Corporations?

· Tax terminology converted to easy-to-understand terms

To register for the program, go to https://www.ewhsba.com/upcomingevents/

or contact Brian Michael at bmichael@ewhsba.com or phone 262-649-3972. Seating is limited.

EWH Small Business Accounting began in 1979, with a vision of helping the small business owner achieve their dream of running a financially sound company. That vision turned into a successful accounting, payroll, tax, and business consulting firm located in Waukesha and expanding to West Bend, Onalaska, and Madison.

Over the years, the team at EWH Small Business Accounting has shared their skills and knowledge with thousands of small businesses producing more than 125,000 financial statements, working with over 2,200 businesses monthly and thousands more at year-end. We help observe the business patterns that lead to success or failure and share that knowledge with you through our EWH University workshops.

For more information, contact Brian Michael at 262-649-3972 or bmichael@ewhsba.com.

EWH Small Business Accounting and EWH University are located at 20670 Watertown Road, Waukesha, Wis. 53186. Additional information is available at www.ewhsba.com and www.ewhuniversity.com