Discover the essential documents and strategies needed to slash taxable income and claim maximum deductions, as I guide small business owners through the intricate world of tax expenses.In this episode, you will be able to:Maximize tax deductions for small business owners by understanding income tax deductions and proper documentation.Discover the benefits of choosing between the standard deduction and itemized deduction to reduce taxable income.Learn how to manage medical expenses and adjust gross income for optimal tax savings.Uncover the ins and outs of state taxes and deductible expenses to keep more money in your pocket.Explore how mortgage interest plays a crucial role in maximizing itemized deductions and reducing taxable income."Banks won't loan you money without a PNL. The IRS, if they audit you, they're going to want to see a PNL. If you get audited and doing your taxes, it's going to be a lot easier with a PNL." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: [email protected] Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

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