How to Prepare for End-of-Year Tax Spending

As the end of 2022 approaches, you’ll hear a lot of your favorite influencers share the rush of squeezing in your end-of-year tax spending. This isn’t sound advice, but it’s common because it gives off the impression that it’ll save you in tax deductions. In today’s episode, I share why the “spending free” advice is just cash out the door. From what deductions really look like and why they don’t equate to an even dollar-to-dollar amount, I share why you shouldn’t follow the advice to go spend crazy just to fit in a deduction or two. This is an important episode, so tune in and listen to why you shouldn’t follow this popular advice and what you should do instead if you’re looking for beneficial and strategic tax deductions.Past Episodes Mentioned:Having Business Cash On Hand and Establishing Emergency FundsLooking for tips, insights, and support with all your accounting needs? Then head over to the Little Fish Resource Library! If you're ready to outsource your Accounting and/or Tax prep needs go to www.littlefishaccounting.comFind us online:Instagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctgConnect with Keila!LinkedInwww.krht.co