As a self-employed individual, taking advantage of tax deductions and write-offs is necessary to save more of your hard-earned money during tax season. Tax deductions are basically expenses you can subtract from your total income before taxes. And less income means less taxes. It’s like telling the tax office, “Hey, I spent this much on […]
24 Self-Employed Tax Deductions You Must Know Read More »
As a rental property owner, your hard-earned income is subject to taxes just like any other business. You pay taxes on rental profits each year, plus capital gains taxes when you eventually sell. But here’s some good news – there are proven ways to minimize your tax burden. Rental real estate is widely known as
How is Rental Income Taxed? And Tips To Reduce It Read More »
Do you want to know why small business owners get so many tax loopholes, deductions, and credits? Two words: economic growth. Small businesses account for a massive 44% of total US economic activity, according to the Small Business Administration. They are the engines powering prosperity. Two-thirds of net new jobs come from small companies. This
Top 5 Small Business Tax Loopholes to Avoid Paying High Taxes Read More »