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Radames Medina's headshot
Radames Medina Principal Consultant

What can i do at the end of the year to minimize the tax we have to pay as an LLC?

Asked on Dec. 3, 2015

We are a small technology company (just made 2 years old a few months ago). What can i do to minimize the taxes that we will have to pay on our revenue when it comes time for filing our company taxes. We are an LLC with two owners. Thanks.

Answers

Wayne Spivak's headshot
Wayne Spivak President & CFO • December 1, 2015

Pay all your bills or charge everything by Dec 31 (same as cash). LLC's are almost always on the cash basis and work on the calendar year (there are exceptions).

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