David M Daggett CPA has been helping people plan their taxes for many years. Tax planning is important and can help you avoid surprise costs and fees. If you are nervous about paying taxes in the future, you will need to meet with a CPA for help. There are many advantages of tax planning; here are a few of them.
There are certain tax exemptions that will reduce the amount of taxes you owe. With tax planning, you can find out which tax exemptions you are eligible for, and make it a point to file them. A tax accountant can help you with your exemptions.
There are many tax deductions that you can take that are completely legal. When you hire a tax accountant to help with your tax planning, you can take advantage of these deductions and learn about other that may be beneficial to you.
Without proper tax planning, you will learn at the end of the year how much you need to pay in taxes. You don’t want this number to be a surprise to you and you don’t want to find yourself in a situation where you own money but have not saved enough to pay it.
If you know you will need to pay taxes, it is a good idea to hire someone like David M Daggett CPA for help. You don’t want to owe a lot of taxes each year and you can avoid this with proper tax planning. Make sure you are aware of the advantages of tax planning.
Every year, venture capital and private equity firms go out in search of ambitious startups to invest in and help grow into solid businesses. David M. Daggett, an experienced accounting professional, who once served as the chief financial officer of a $250 million venture fund, knows all too well how private investment is helping shape the future of entrepreneurship. As a native of California, he’s also seen the impact venture capitalists have had in Silicon Valley and the plethora of game-changing ideas that have seen the light of day as a result.
Private investment by venture capitalists, angel investors, and private equity firms are medium to long term, often with the requirement that these investors get an equity stake in the business. Some private investors just want a stake in the business; others will want to take a more visible role in operations/management. Still, the underlying factor is that the business has to display growth potential and have solid management.
As an entrepreneur, you have to know what private investors are looking for. Getting a venture capital to finance your business idea is very different than approaching a lending institution for a loan. These institutions will charge interest on the loan, whether the business is successful or not. For private investors, a return on investment is their main goal.
With private investors, a business has to possess the potential to grow within five years for it to make business sense. Lack of such potential is likely to discourage them.
David M Daggett CPA is an experienced Certified Public Accountant with extensive knowledge on venture capital and entrepreneurship.