In 13 Most Common Tax Mistakes Made by Business Owners, certified tax coach William G. Cummings, CPA, draws on his more than twenty-five years of experience helping businesses lower their obligation to the IRS.
His helpful, easy-to-understand advice stresses tax planning long before tax prep, and it covers pitfalls such as selecting the wrong business entity or retirement plan and missing the many allowed deductions available to business owners. Cummings also helps readers get over their fear of being audited through data showing audits at a historic low and with strategies on how to audit-proof tax returns.
Rather than a how-to guide, this book spurs business owners to hire the right financial guide so they can get back to business and let the tax experts focus on achieving the highest tax savings available to the company. When paired with the services of a tax planner such as Cummings, 13 Most Common Tax Mistakes Made by Business Owners helps businesses use every legal deduction and loophole possible.
Fans of Dominique Molina's Secrets of a Tax Free Life will want to put this book on the shelf right next to it for reference throughout the year.
About the Author: William G. (Bill) Cummings, CPA, CTC, and PFS, serves as President of Cummings Financial Organization. He has been in the financial services business for the past twenty-five years, helping his clients make sound financial decisions, including how to pay the least amount in taxes, retirement planning, investment planning, insurance planning, estate planning, elder care planning, and insurance planning. Bill acts as a "chief financial officer" for his clients, both for businesses and individuals. He coordinates all aspects of their financial matters to help his clients spend more time on things they love to do.
Bill also served as the controller and chief financial officer of a large financial services firm.
Bill and his wife, Kimberli, reside in beautiful Tampa, Florida; they have five children. He and his wife are active in their community. They support various charities in the Tampa Bay community.
