Employer Tax Deductions: Common and Uncommon
As a business owner, you are responsible for paying taxes on your profits. That said, you can deduct certain expenses from your taxable income, which will reduce the amount you have to pay. This blog post discusses some of the most common and uncommon business deductions. Knowing about these deductions can help you keep more […]
Boost Business Savings with Tax Planning
Effective tax planning strategies help your business save more money that can be reinvested for business growth and expansion. A key part of managing your business’s finances is adopting tax savings initiatives. The following tax planning strategies can help your business plow back money into lucrative operations. Hiring your children as employees An applicable tax […]
10 Overlooked Tax Deduction Strategies
Despite various “tax simplification” pushes in congress over the years, the truth is that the U.S. tax code is an extremely complex system. As a result, many small business owners may be missing out on business tax saving strategies they are eligible for but don’t know about. While you may already know about some of […]
7 Common Tax Mistakes for Entrepreneurs
7 Common Tax Mistakes for Entrepreneurs: Have you ever made one of the seven common mistakes on your taxes? If you have, you know it’s not a great feeling. Your heart probably sank and you began questioning what it means for your business. If you’ve never had this experience, consider yourself lucky. While it is […]