30 Important Tax Tips You Must Know to Reduce Your Taxes! - #30 All Tips Summarized
Tax laws are ever-changing. To better prepare you for your 2020 tax filings, we have summarized the TOP 30 IMPORTANT TIPS you need to...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #29 IRS Audit
Tip #29 IRS Audits! The last thing you ever want to see after filing your taxes. What do you do when you receive an audit from the IRS?...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #19 Stop Invoicing
Tip #19: Stop Invoicing. It has been a long year for everyone, and you have been working hard throughout all of 2020. As the year is...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #15 Retirement Contributions
Tip #15: Retirement Contributions. Retirement contributions can be pre-taxed or after-taxed, depending on whether the retirement plan you...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #14 Should You Pay Your Kids
Tip #14: Should You Pay Your Kids? When you hire your children, you can get a business tax deduction (for employee wage expense)....
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #13 Should You Pay Yourself
Tip #13: Should You Pay Yourself Now? One of the most common questions business owners ask especially approaching the holiday season. ...
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #11 Missing Out-of-Pocket Expenses
Tip #11: Missing Out-of-Pocket Expenses. When going out for a business trip or to get some supplies for the office, you may have...
What Is Reasonable Compensation For An S Corp?
Thinking of switching your entity to be taxed as an S Corp to reduce your FICA, Self-Employment, Social Security, and Medicare taxes...
The Difference Between 1099 NEC vs 1099 MISC
The IRS this year released a tentative draft of a new form tied to 1099 filing: 1099-NEC. Now there are two 1099 forms, 1099-MISC and...
Hiring Mistakes That Will Get You In Trouble With The IRS!
Making a decision of whether to hire an employee or contractor, it is important that business owner understands the difference.
