Small Business Answer Man | Ep: 337 | Melissa Broughton | Reducing Tax Liability and Building Financial Success

Ep: 337 Melissa Broughton

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Reducing Tax Liability and Building Financial Success

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Husband & wife team Eric & Melissa Broughton are on a passionate mission to help small business owners legally reduce their tax liability.

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What business problem do you solve?

In today’s episode, Melissa from Busy Bee Advisors shares expert advice on how to legally reduce tax liability and achieve financial success as a small business owner.

Small Business Answer Man’s Shownotes:

  • Melissa, a tax expert from Busy B Advisors, emphasizes the importance of staying on top of your business’s finances and not just relying on gut feeling.
  • Melissa explains the complexity of the tax code and how it can be overwhelming for business owners, highlighting the importance of being proactive and educating clients throughout the year.
  • Melissa discusses the benefits of becoming a corporation (S-Corp or C-Corp) to alleviate self-employment taxes.
  • She emphasizes the importance of keeping accurate bookkeeping and staying on top of finances every month.
  • Melissa encourages small business owners to shift their mindset and adopt proactive tax planning strategies. By taking a proactive approach to tax planning, entrepreneurs can identify tax-saving opportunities, leverage deductions and credits, and optimize their financial position.
  • She explains that her company’s mission is to help small business owners legally reduce their tax liability.
  • Melissa shares her mission to empower small business owners to take control of their finances and minimize their tax burdens.
  • She emphasizes the importance of having a clear understanding of the tax code and its implications for small business owners.

Melissa Broughton’s Small Business Tip:

  1. Stay on top of your finances and don’t wait until the end of the year to do taxes. 
  2. Consider becoming a corporation to alleviate self-employment taxes and take advantage of business expenses and deductions. 
  3. Educate yourself and work with a good accountant or tax advisor to proactively manage your financial situation and reduce your tax liability.

Connect with Melissa Broughton:

Free Download of the book discussed on the podcast send an email to: info@busybeeadvisors.com  Just put in the message: Send the book.

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