Tax Tips and Common Questions - Business By The Numbers

Tax Tips and Common Questions. This week Hunt discusses some of the most common questions and issues that come up during tax season. •What is an extension and why do you file one? Is it the right move or are you costing yourself money? • What is Section 179 Expense? When should you use it and what can qualify for accelerated depreciation? • What are tax brackets and how is different kinds of income taxed? • How do your distributions get taxed from your business and do your distributions even effect your taxes? The Show is sponsored by: Shop-Ware on the web at https://getshopware.com (getshopware.com) NAPA Auto Care at https://www.napaonline.com/en/auto-care (https://www.napaonline.com/en/auto-care) Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : http://www.paarmelis.com/ (www.paarmelis.com) Email Hunt: podcast@paarmelis.com Get a copy of my Book :https://paarmelis.com/your-perfect-shop-book-download/ ( Download Here)