Guest: Kim Lochridge,

Vice President of Tax Engineered Services

n this episode, we delve into the world of tax optimization with Kim Lochridge, Executive Vice President of Engineered Tax Services, Inc.

Kim, a nationally recognized expert in specialty tax services, shares invaluable insights on how small and medium-sized businesses can minimize their tax liability, maximize deductions, and make smarter financial decisions.

We'll explore:

• Overlooked deductions: Discover critical tax deductions often missed by small business owners, including Cost Segregation, R&D tax credits, and energy efficiency incentives.
• Retirement planning: Learn how to optimize your tax strategy through effective retirement planning, including contributions to 401(k)s, IRAs, and other retirement accounts.
• Federal tax policy changes: Understand potential changes in federal tax policy that could impact your business in 2025.
• Business structure optimization: Explore the benefits of reassessing your business structure (LLC, S-Corp) for tax optimization purposes.
• Prioritizing tax credits: Discover which tax credits, such as the R&D Credit, can provide the most significant benefits for your specific business.
• Expense tracking: Learn effective strategies for tracking and managing expenses to maximize deductions.
• Multi-state operations: Understand the complexities of state and local tax compliance for businesses operating in multiple states.
• Preparing for audits: Discover proactive steps to take now to prepare for potential audits or compliance reviews.

This episode is packed with actionable advice and expert insights that can help you navigate the complexities of the tax code and achieve significant tax savings for your business.