Upon launching a brand new small business, the numerous startup costs and related expenses that you’ll incur can be overwhelming. These hefty costs could even discourage some entrepreneurs from moving forward with a business. Thankfully, there is some good news in terms of how you can keep more of the hard-earned money you earn as […]
How to Reduce Tax
Small business owners have the ability to take advantage of many tax breaks to cut down on their tax bills and hold on to more of the money their companies. If you own a small business, consider claiming the following commonly overlooked deductions when you file your taxes next:
You’ve heard that you can’t have your cake and eat it, too. But hiring your children is one case when you can. Pay your minor or adult children to work for your business, then write it off as an expense.
Learn how your business can save money by incorporating. Reduce your tax liability and self-employment tax by utilizing the Subchapter S corporation
The tax rules allows for deductions for the business use of your home. Learn if you qualify for home business tax deductions and what you can deduct.
If your home qualifies for a tax deduction, what qualifies for a home office tax deduction? Here are expenses you can deduct for the use of a home office.
Receiving the tax audit letter is very nerve wracking. Learn how to avoid tax audit for your small business and know the red flags that lead to tax audit.
Entrepreneurs incur business expenses that are fully deductible against business income. Here are some commonly overlooked tax deductions.
I have three small business operating as corporations and my objective is to find the best protection or limit liability and gain tax advantage. How do I limit liability of my corporation?
Part of successfully running a business entails understanding your taxes — and ways you can reduce your taxes. Here are seven tax tips that can possibly save you a lot of money on your taxes