[⚙️ Living Wealthy] Found: $12,000 in "hidden" tax deductions

These 3 year-end moves could unlock significant savings for your business

Living Wealthy Newsletter   Hey Friend,   Want to know one of the biggest mistakes entrepreneurs make? Waiting until April to think about taxes.   The truth is, the most impactful tax-saving moves happen before December 31st. In fact, a strategic conversation with your tax professional now could easily save you enough to fund your next family vacation (and then some). THREE PROVEN METHODS Here are three proven moves that could put thousands back in your pocket:   1.  The Strategic Income Shift - Instead of scrambling to find last-minute deductions, use timing to your advantage. For cash-basis businesses, you can: Send certain invoices after January 1st (for trustworthy clients) Prepay up to 12 months of expenses (using the "12-month rule") Charge January expenses on your business credit card in December One Wealth Factory member saved over $12,000 just by timing their transactions strategically!   2.   The Section 179 Advantage - Planning to buy equipment or software in the next few months? Making that purchase before December 31st could give you an immediate tax deduction of up to $500,000. Even better? You might qualify for this write-off with certain non-tax capital leases.   3.   The "Hidden Money" Tax Review - Here's something most CPAs won't tell you: You can amend returns from the last three years to claim missed deductions. One of our own team members recovered over $50,000 in "forgotten" deductions this way. BONUS MOVE: Turn Your 2025 Growth Plans Into 2024 Tax Savings Planning to invest in business education, coaching, or training next year? Pay for it before December 31st to get the tax benefit this year – even if you don't start until January. READY TO TAKE ACTION? Schedule a meeting with your tax professional THIS WEEK Review our complete blog that is your guide to year-end tax strategies Consider getting a second opinion on your last three years of returns Remember: These aren't about spending money just to save on taxes. These are strategic moves to time expenses you're already planning and uncover deductions you've already earned.   Build the life you love,   The Builders at Wealth Factory P.S. Not a Wealth Factory member yet? What are you waiting for? Sign up for FREE and join the financial revolution! © Wealth Factory, LLC, 90 S 400 W, Suite 560, Salt Lake City, Utah, 84101, United States, (800) 400-8385   If you would like to stop receiving future updates from Wealth Factory, you may Unsubscribe   Disclaimer | Support | Terms of Use | Privacy Policy   Disclaimer and Waiver — Wealth Factory, LLC®, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as "Wealth Factory") are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offering.