It’s that time of the year — tax planning time

Hard to believe but Halloween is hereEmoji
Time flies, doesn’t it?
Year-End Tax Planning

For business owners this is also the time for year-end tax planning

Start by reviewing your 2022 paperwork (Jan to Oct).
Income and expenses.
Then estimate revenue and deductions for Nov and Dec.

Look at your 2021 tax return
Next try to anticipate 2023 projected revenue and expenses
Armed with this information, you can develop a strategy on how
to save on your 2022 taxes.

Example: if you expect an increase in your 2023 income then
you need to postpone some of deductible expenses until next year.
This way the deductions claimed in 2023 will provide you with
with greater tax savings

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You can now pay your taxes with cryptocurrency!?
Yes, you can

Venture to guess what state is the front runner?

You’re right if you guessed Colorado
If you live in Colorado, you can pay your taxes using cryptocurrency.

Bitcoin, bitcoin cash, ethereum, and others, will be accepted as tax payments
You submit your payments through PayPal’s Cryptocurrencies Hub.
Three to five days later the cryptocurrency will be converted to U.S. dollars
It’s that easy

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Well, that’s it for today
Enjoy all the cute little trick-or-treaters 🙂
Sharing this site with your friends is much appreciated.
Thanks for visiting.
Mariana Fieraru
Mariana Fieraru, an Eastern European transplant, fell in love with her new home shortly after landing in New York. She "discovered" pizza! Years later she still loves pizza. And so do her two feathered-kids, Sunny and Flipper

Mariana worked on both, the east and the west coast.
Big or small, each project she worked on helped define the importance of gaining and sustaining a competitive edge in an increasingly complex business environment.

Business know-how, love of teaching and writing – all combined in 2006 to form OBI.
Its mission: to make learning fun! And easy.

Through its training, consulting, and publications OBI builds bridges of knowledge to take you from where you are to
where you want to go. Using a mix of serious, informal, analytical, and optimistic approach, OBI truly makes learning fun.

Learn More
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