Week 8 Day 4 Action Items

Day 4

• [ ] Explore common strategies for reducing your tax liability.
• [ ] Identify which strategies align with your business goals and structure.

5 Areas to Explore When Tax Planning

1. Business Structure
2. Deductions and Credits
3. Expenses and Income
4. Employee Benefits and Retirement Plans
5. Stay Compliant and Avoid Penalties

**Tax planning specifics can not be covered in a single week or a single day. The goal of this week is to begin to identify areas you can focus on to improve your business and identify areas where you can work with a professional to improve your tax planning.

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