WealthStyle Podcast
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Common Tax Mistakes for Business Owners and How to Avoid Them With Mike Nulty
How do you keep your tax records clean and avoid those dreaded IRS audits?
This week, Mike Nulty from Matthews & Nulty, Inc. joins Iván Watanabe and Evan Wohl to discuss effective tax strategies for individuals and small business owners. They dive into common mistakes, like poor record-keeping, and provide actionable tips on how to avoid them.
So, tune in and learn how to keep your financial records clean and stay ahead of potential IRS audits!
Key episode discussion points include:
- Keeping business and personal finances separate for clear record-keeping
- The value of using tools like QuickBooks to track business expenses and revenues
- How regularly reviewing your financials (on a monthly basis) can help you stay proactive rather than reactive
- Timeline on taking tax deductions and understanding their long-term implications
Connect with Iván Watanabe:
- Opus Private Client, LLC
- iwatanabe@opus-pc.com
- LinkedIn: Iván Watanabe
- YouTube: OPUS Private Client, LLC
Connect with Evan Wohl:
Connect with Mike Nulty:
- Matthews and Nulty
- LinkedIn: Mike Nulty
- Phone: 732-257-8604
About Our Guest:
In early 2015, continuing with the firm’s core values, James Matthews made Michael W. Nulty a partner of the firm. Like James, Michael is also a graduate of Saint Peter’s University, in Jersey City, New Jersey.
Before becoming a partner of the firm, Michael spent seven years working under James, polishing his craft in accounting, auditing and tax. Together, James and Michael have a wealth of knowledge and have helped numerous entities both for profit and not for profit, become successful.