Navi Maraj CPA – Learn How To Save Thousands In Taxes

Navi Maraj CPA – Learn How To Save Thousands In Taxes

Unlock significant tax savings and financial clarity for your small business with “Small Business Taxes: From Zero Knowledge to Saving Thousands” by expert CPA Navi Maraj. This meticulously crafted course offers an all-encompassing guide to mastering taxes, financial accounting, and strategic planning. Designed for small business owners at all levels, the course ensures you confidently navigate your business’s financial landscape.

Course Highlights

Welcome and Orientation

Discover what you’ll learn, how to navigate the course, and insights about the instructor.

Building the Foundation: Part 1 – Taxes

• Overview of Business Taxes: Understand the types of taxes your business is subject to and compare tax implications for employees, sole proprietors, and S corporations.
• Key Concepts Explained: Learn marginal and effective tax rates, progressive tax systems, and the true value of deductions.
• Practical Tools: Utilize the Marginal & Effective Tax Rate Calculator and the Tax Savings Estimator Tool to plan your finances.

Tax Strategies for Success

Phase 1 – Deductions: Maximize savings through home office, auto, cell phone, internet, meals, travel, and health insurance deductions.

Phase 2 – Tax Classification Optimization: Discover the financial sense behind S Corp elections and optimize salaries.

Phase 3 – Retirement Planning: Explore SEP IRAs, Solo 401(k)s, and other retirement vehicles to secure your future while saving on taxes.

Building the Foundation: Part 2 – Financial Accounting

• Grasp financial statements, accounting equations, and the Chart of Accounts to manage your business effectively.
• Learn practical bookkeeping strategies with journal entries and reconciliations.

Implementation and QuickBooks Setup

• Business Formation: Get step-by-step guidance on forming your LLC and choosing the right tax structure.
• QuickBooks Mastery: Learn to customize charts of accounts, link bank accounts, and handle payroll seamlessly.
• Expense Tracking: Record home office, travel, meals, and payroll accurately to reflect true financial health.

Advanced Tax Strategies

• Accountable Plans: Implement optimized deductions for home offices, auto, and healthcare efficiently.
• Payroll Optimization: Set up and record officer compensation and non-officer wages in QuickBooks.

Retirement and Tax Payments

• Dive into retirement options tailored for small businesses and integrate them into your bookkeeping.
• Learn the exact steps to pay taxes as a sole proprietor or S corporation with practical bookkeeping advice.

Additional Features

• Comprehensive video tutorials and step-by-step walkthroughs.
• Downloadable tools, templates, and checklists.
• Section check-ins to consolidate learning and track progress.

With this course, you’ll gain a robust understanding of small business taxes and unlock strategies to save thousands. Whether you’re a new entrepreneur or an experienced business owner, Navi Maraj’s expertise will empower you to take control of your financial destiny.