The BOSS Network Blog

Tamecia Shaheed is a Tax Strategist who helps business owners maximize savings and grow their profits. She affirms that business owners must proactively plan yearly to maximize tax savings. She works with her clients to implement strategies to use the tax code to their benefit legally and ethically. As a new business owner, one of your primary goals should be to maximize your business deductions to minimize your tax liability. Effective tax planning can significantly impact your bottom line, allowing you to reinvest more into your business. This comprehensive guide will cover various strategies and deductions available to small business owners. Starting your own business is an exciting journey filled with opportunities and challenges. One of the most complex challenges you’ll face as an entrepreneur is understanding how to navigate your business's taxes. This comprehensive guide will walk you through the essential steps to successfully set up your business for tax reporting purpos...

  Tamecia Shaheed is a Tax Strategist who helps business owners maximize savings and grow their profits. She affirms that business owners need to proactively plan throughout the year to maximize tax savings. She works with her clients to implement strategies to use the tax code to their benefit legally and ethically. As a new business owner, one of your primary goals should be to maximize your business deductions to minimize your tax liability. Effective tax planning can significantly impact your bottom line, allowing you to reinvest more into your business. This comprehensive guide will cover various strategies and deductions available to small business owners. 1. Start-up Costs Starting a new business involves various costs, many of which can be deducted to reduce your overall taxable income even if the company has yet to generate revenue. Normally, the costs of starting a business must be amortized (deducted ratably) over 15 years. However, you can elect to deduct up to $5,000 ...

Tamecia Shaheed is a Tax Strategist who helps business owners maximize savings and grow their profits. She affirms that business owners need to proactively plan throughout the year to maximize tax savings. She works with her clients to implement strategies to use the tax code to their benefit legally and ethically. ****************************************** What were some obstacles that you faced in the beginning process of starting your business or career? The biggest obstacle I've faced in the beginning process of starting my business was building a team. I started my business as a solopreneur, but my goal was always to build my business with the hope of growing into a much larger company. I initially began working with remote freelance workers and virtual assistants using services such as Upwork, Fiverr, and Time Etc to delegate work. It was originally difficult to carve out a budget to hire regular hourly staff to work in the office. I decided to begin networking at local coll...

  Tamecia Shaheed is a Georgia native and graduate of Clark Atlanta University. She gained her experience in tax preparation and financial services by starting out working as a seasonal preparer for one of the nation’s leading tax companies. With a marketing background and having acquired enhanced business acumen working for a small business, Tamecia started her own practice in 2011. Now having 10+ years of experience as a Tax Advisor, she is a firm believer in financial education and helping her clients save money. Tamecia ensures she and her staff receive annual training and certification through the Internal Revenue Service (IRS) to stay  up-to-date on the latest changes to the tax code. She is a proud member of The BOSS Network, Southern Crescent Women in Business (SCWIB), National Society of Tax Professionals (NSTP), and the Better Business Bureau (BBB) in Georgia. Tamecia specializes in tax planning and filing for individuals and businesses. She founded Harvest Time...