The Benefits of Prepay Expenses!
There is an easy & legal advantage that every business owner should be aware of, which we will review today! Prepay Expenses are payments to future expenses to be used as deductions for the current year. These expenses apply to costs such as rent, subscriptions; marketing expenses, etc.… By taking care of these costs prior to their due date in the coming year, before December 31st, there are circumstances where you can deduct those expenses. For more details follow the link below or you can reach out to us at XQ CPA to see what you can pay now to maximize your deductions! https://youtu.be/LNoGiZEpiUo #Taxes #Prepay #Business #CPA