December 2024 Edition
Welcome to the latest edition of BKS Financial Tips & Advice. Here, we provide valuable insights, strategies, and tips to help you manage your finances and grow your business. Whether you're a small business owner or an individual looking to improve your financial standing, we’ve got you covered!
2024
Maximize Your Deductions Before the Year-End
As 2024 comes to a close, it's time to review your financials and ensure you’re optimizing your tax situation. There are several key steps you can take before the year ends to save money and reduce your tax burden.
Here are some actionable strategies you can implement before December 31st:
Contribute to Retirement Accounts: Max out contributions to your IRA or 401(k). Not only does this help secure your future, but it can also lower your taxable income for the year.
Review Your Business Expenses: If you're a small business owner, now is the time to assess all your expenses. Be sure to claim any office supplies, software subscriptions, or business-related travel.
Make Charitable Donations: Consider donating to a qualified charity before the end of the year. Your contributions are tax-deductible, and it's a great way to give back while lowering your tax bill.
Prepay Certain Expenses: If applicable, you can prepay certain deductible expenses, such as property taxes or mortgage interest, to claim them in this tax year.
These strategies can help you reduce your taxable income and make the most of your financial situation. If you need help navigating these deductions, contact us at BKS Financial. Our team is here to guide you through the process.
The new year is right around the corner, and now is the perfect time to get your financial house in order. To kick things off, we’re offering free tax consultations to new clients through January 2024. Our experts will review your tax situation and provide guidance on how you can maximize deductions and plan for the future.
Schedule Your Free Consultation
Call us today at
813-444-7163
to book your appointment or contact us online.
At BKS Financial, we’re dedicated to helping individuals and businesses achieve their financial goals. Whether you need assistance with taxes, insurance, or long-term financial planning, our team is here to guide you every step of the way. As you prepare for 2024, make sure your finances are in the best possible shape with expert advice from BKS Financial.
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Contact Us
BKS Financial | Address: 9225 Bay Plaza Blvd Suite 417, Tampa, FL, United States, Florida | Phone: 813-444-7163
Visit our website: www.bks-financial.com
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