The IRS Tax Code is set up in a way that out of all methods to make money, business owners benefit the most. The issue is that business owners are not taking advantage of all of the benefits of being a business owner when it comes to their taxes.
A good amount of business owners are aware that you can deduct a portion of your home used for your business through the home office deduction. Besides taking this great deduction did you know that you can also treat your home as a rental property and rent it out to your business...
Many business owners have heard of tax preparation, bookkeeping, financial advising and the list of services go on. But not all business owners that get access to accountants that provide business tax plans. This is an investment that growing businesses...
Its time to bring in your child to your business. Hiring your children or other dependents that you care for significantly lowers your tax liability. As a business owner, you can be anywhere from the 10-37.5% tax bracket. Guess what tax bracket someone is in that gets paid $12,000 a year or less is in………..0%! That’s right, there is no ordinary tax for those in this tax bracket. So what does this mean for you?