Hello everyone, I’m Lucas Johnson, a US-Licensed CPA specializing in tax strategy, compliance, and financial reporting for real estate investors. I work with investors on structuring property income, investor-ready financials, and financing documentation. Glad to connect with this community.
It’s rarely about income. Most of the difference comes down to decisions made before filing season: How the business is structured How expenses are tracked and categorized When income and expenses are recognized How owners compensate themselves Where state tax exposure is triggered I see businesses with identical revenue end the year with very different tax outcomes simply because one planned throughout the year and the other didn’t. Question for the room: Which of these do you think impacts taxes the most in your business right now? No right or wrong answers, curious to hear different perspectives.
Most businesses don’t overpay taxes because of income, they overpay because of timing and structure. Strategic tax planning focuses on: When income is recognized How expenses are categorized Which entity structure fits the business stage Where deductions and credits are legally optimized Two businesses with the same revenue can end the year with very different tax outcomes based purely on planning decisions made earlier in the year.
Quick reality check for trucking owners: These 3 silent mistakes cost drivers thousands every year: 1️⃣ Missed per-diem: Biggest legal tax saving most never claim correctly. 2️⃣ Fuel + repairs miscategorized: Makes profits look worse to lenders. 3️⃣ Multi-state filing blind spots: Small errors - big penalties. Fixing these can instantly boost your profit on paper and reduce tax pressure. Want the Trucking Profit Fix checklist? Comment “Fix my books” and I’ll send it.