It takes money to make money. Knowing that, Congress has filled the tax law with opportunities for businesses both large and small to recoup a healthy portion of reasonable and necessary business expenses with tax deductions and credits. The better you know the rules and the better records you keep, the more Uncle Sam will subsidize the cost of running your business by lowering your tax bill.
As we approach another tax season, it is again time to hone in on last minute shifts that can be made to save time and money on tax preparation on both this year's tax returns, as well as years to come.
If there are any questions or concerns about which ideas are more appropriate, you are more than welcome to contact us to discuss your tax saving strategies.