How to Plan For Your Taxes as a Business Owner

Breaking down the differences between tax planning for W-2 employees and business owners while highlighting the complexities that come with owning a business. Some of the topics covered:

- Understanding the difference between withholding and actual tax liability - The concept of safe harbor and how to avoid penalties - Strategies for planning your taxes effectively, whether you're a sole proprietor or in a partnership - The importance of projecting your business's financials throughout the year to avoid cash flow issues

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✅ Financial planning for 30-50 year old entrepreneurs: https://www.allstreetwealth.com

✅ My personal blog & newsletter: https://www.thomaskopelman.com

Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.