The Tax Mistakes Costing Your Business Thousands
What I have learned after 19+ years and thousands of tax returns about the costly habits business owners repeat every single year. This free guide shows you exactly what they are and how to fix them.
Series Publication
Tax Experience
Are You Making These Costly Tax Mistakes?
Every year, I sit across the table from business owners who are overpaying on their taxes. Not because they are bad at business. Because nobody showed them what to look for.
After reviewing thousands of tax returns over my career, the same patterns show up again and again. Different businesses. Different industries. Different revenue levels. Same mistakes.
The Small Business Administration reports that over 28% of businesses go bankrupt due to problems with their financial structure. In many cases, that could have been avoided.
The average business owner leaves thousands on the table every year in missed deductions, poor recordkeeping, wrong entity structures, and a complete absence of tax strategy.
What You Will Learn
The sloppy recordkeeping habit that is bleeding your business dry, and the simple system that stops it
Why mixing personal and business finances is like eating lettuce and ice cream together (and what it costs you at tax time)
The real cost of not hiring a financial expert, and what to look for when you do
The first-quarter planning session that separates businesses saving thousands from businesses overpaying
The “Spring Scaling Trap” that catches growing businesses off guard every year
How to read the three financial statements that are trying to tell you something important about your business
Why revenue is vanity and profit is sanity, and the 90-day cash reserve test every business owner should run
The step-by-step framework for building a stress-free tax season starting in January
The strategy conversation you are not having with your accountant (and why it is the most expensive mistake on this list)
Nonprofit-specific cash flow mistakes that threaten your mission
The asset accumulation problem that affects professional athletes and high earners alike
LaRese Purnell
MBA
Managing Partner, CLE Consulting Firm • Founder, Financial Foundations University
LaRese Purnell did not just learn about financial hardship. He lived it. Growing up in and out of homeless shelters, he made a decision in college that changed everything: just because your family did not have money does not mean you cannot have money.
Today, with more than 19 years of experience, an MBA in Finance, and a Master's in Corporate Taxation, LaRese is the Managing Partner of one of the largest minority-owned accounting firms in Northeast Ohio. He has managed budgets approaching $1 billion collectively, spoken in over 35 cities as a nationally recognized financial literacy educator, and built Financial Foundations University to make this knowledge accessible to everyone.
“He does not just teach finance. He does the work. Every day. That is the difference.”
Stop Overpaying. Start Strategizing.
Tax preparation looks backward. Tax strategy looks forward. This free e-book gives you the framework to stop repeating the mistakes that cost your business thousands every year.
Get Your Free Copy
Enter your details below for instant access