How to Cut Your Tax Bill: 10 Tips for Small Business Owners
Tax season can be a real headache for small business owners, but with some smart strategies, you can lighten your tax load and keep more cash in your pocket. Check out these 10 practical tips to save on taxes. 1. Keep Track of Business Deductions Make sure to log all your business expenses like office […]
How To Hire Your Kids With A Family Management Company in 2022
By paying your kids from your business with the right process, you might be able to save around $2,000 in taxes per child.
The Ultimate Guide To S-Corp Retirement Plans In 2022
Deferring taxes with retirement plans allows you to save on taxes and reinvest those savings and build a much larger portfolio when compared to traditional investment accounts. Knowing the most common plans will help lower your tax bill annually.
How To Maximize Your Business Vehicle Deduction In 2022
Buying a Tesla at the end of the year to lower your tax liability will probably be the worst dinner party tax advice for an unsuspecting online business owner.
How The S-corporation Saves You Thousands In Taxes Every Year
CleverProfits’ agency, coaching, and consulting clients. They retain a single layer of tax on all business profits generated while eliminating self-employment taxes for owner-operators.
Optimize Your S-corp Payroll, Save Big on Taxes
One of the most important elements of tax planning for S-corporation owners is to consider the amount of W-2 salary paid to the owner of the business.