This segment of financial guides is dedicated to strategic tax planning for business owners.
Can you save more? We think so.
Tax Planning For Small Business Owners
Tax planning is the process of looking at various tax options in order to determine when, whether, and how to conduct business and personal transactions to reduce or eliminate tax liability.
Turn your Vacation Into a Tax Deduction
How would you like to legally deduct every dime you spend on vacation this year? We offer strategies that help you do just that.
Misconceptions Business Owners Have About Their Returns
One of the biggest hurdles you’ll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of flux making the Internal Revenue Code barely understandable to most people.
Form of Business Organization: Which Should You Choose?
The decision as to which type of business organization to use when starting a business is a major one. And, it’s a decision to be revisited periodically as your business develops.
Travel and Entertainment: Maximizing the Tax Benefits
Don’t overpay your income taxes by overlooking expenses which you are entitled to deduct. Use this Financial Guide to ensure you are handling your business travel and entertainment costs in a tax-wise manner.
Retirement Plan Options For Small Businesses
According to the US Small Business Administration, small businesses employ half of all private-sector employees in the United States. However, a majority of small businesses do not offer their workers retirement savings benefits.
7 Ways To Save Even More Income Taxes
We follow 7 simple steps to help you save the maximum amount on your income taxes.
The “SIMPLE” Plan: A Retirement Plan for the Really Small Business
Several different types of retirement plan – 401(k), defined benefit, and profit-sharing – can be made to suit a prosperous small business or professional practice. But if yours is a really small business such as a home-based, start-up, or sideline business, maybe you should consider adopting a SIMPLE IRA plan.
The Home Office Deduction
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis.” To qualify for a home office deduction you must meet certain requirements.