Dec 23, 2019 | Small Business
Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still have time to execute a few tax-saving strategies. Here are three tax planning ideas to implement before the end of the year. Buying assets Thinking about...
Jul 22, 2019 | Individuals
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed. If you’re getting...
Mar 18, 2019 | Small Business
If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can still be set up for 2018, and you can make contributions to it that you can deduct on your...
Dec 31, 2018 | Small Business
Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks, especially if you own a pass-through entity. But you also should look out for your own financial future. For example, you...
Dec 24, 2018 | Small Business
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute tax planning ideas small business owners should consider. Postpone invoices. If your business uses the cash method of...
