Daniel HonanFounder, Profitable Painter CPA PLLC · I help painting contractors increase profits & cash flow while reducing taxes♦ Bookkeeping ♦ Tax

Painting Biz Owners: Boost Your Support Team and Cut Taxes—Key Takeaways for Success.

Name: Painting Biz Owners: Boost Your Support Team and Cut Taxes—Key Takeaways for Success.
Uploaded: 2024-10-03T13:15:02+00:00
Duration: 4 s
Channel: Daniel Honan
Description: Painting business owners can cut taxes by formalizing advisory relationships and writing off client dinners as business expenses. The hosts recommend…

3 Oct 2024 · 0 min

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Painting business owners can cut taxes by formalizing advisory relationships and writing off client dinners as business expenses. The hosts recommend joining the Grow Your Painting Business Facebook group for feedback before year-end to implement these strategies.

are any other tips on building a support team in your painting business while reducing your taxes?
If you're not currently doing this, honestly, most people aren't, you should be. You should start now. You should do it before the end of the year. It's not just a tax saving strategy. It is a business building strategy. The advice that you get from people who care about you is incredibly valuable. If it's not formalized, we can miss out on it. Even if you don't go to a restaurant, even if you just do it simply, get that advice, become a better business leader. If you can show your friends and family how you value them by buying them a nice dinner and getting a tax write-off for it in the process. That's a nice bonus. We would love to hear your feedback.
If you have any questions, go to Facebook, type in Grow Your Painting Business, join the group. Feel free to share any thoughts you have or any ideas for future episodes.