On Tuesday, September 24th, CREW Boston’s Entrepreneur Exchange Group hosted a virtual "Lunch and Learn" with Katrina Kowalski, CPA, Partner/Owner of On Point Tax & Consulting. Katrina shared valuable insights on tax strategies specifically tailored for entrepreneurs and small businesses. The session covered a wide range of topics designed to help attendees make informed decisions about their tax preparation and maximize deductions, while addressing common misconceptions.
 

Key takeaways from the discussion included understanding the importance of choosing a licensed tax preparer and the differences between an EA, CPA, and Attorney. Kowalski also discussed the pros and cons of various fee structures (subscription-based, hourly, or flat fees) and stressed the importance of working with a tax preparer who serves as a strategic partner, rather than just a compliance expert. Attendees also learned about commonly missed deductions, such as business use of a home, types of cars, professional fees, and more specific questions like whether hair, makeup, or paying their children could be deducted. 

Thanks again to Katrina for acting as a resource and taking the time to keep our small business leaders sharp on important tax considerations.