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cover of episode 150 \\ The Hidden Tax Trap of Running a Business in Multiple States (And How to Escape)

150 \\ The Hidden Tax Trap of Running a Business in Multiple States (And How to Escape)

2024/10/24
logo of podcast SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Money Mindset, Tax Deductions

SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Money Mindset, Tax Deductions

Shownotes Transcript

In this episode, we dive into a topic many small business owners overlook: tax implications when earning income in multiple states. I’ll break down five important things you need to know to make sure you’re paying the least amount of taxes possible—whether it’s income tax, payroll tax, or more. 

From understanding residency rules to getting tax credits for what you’ve already paid in other states, we’ll cover how to avoid costly mistakes and keep more money in your business. Plus, I’ll share a real-life case study about how one of my clients saved thousands of dollars by adjusting their tax strategy across four states. Don’t let state taxes catch you off guard—tune in to get practical tips that could save you big money!

Ready to lower your tax bill? Let’s get started!

 

Next Steps:

☎️ Find out how much you're overpaying in taxes every year!  Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/)

📧 Contact Me --> [email protected] 

📲 Follow me on IG @ the.tiffany.p.cpa