There are two ways to decrease your tax liability. The first way is to increase your tax deductions and the second is to pay attention to tax credits. What are Tax Credits? Tax credits are credits provided by your state or local government to reduce the...
Choosing the Right Business Structure for Your Tax Liability Your business structure defines the legal status of your business. Each business structure comes with its own advantages and disadvantages as well as consequences for tax liability. It is important...
Reducing Tax Liability for Business Owners You may have heard Ben Franklin’s famous saying,” ‘In this world nothing can be said to be certain, except death and taxes.” Business owners may not be able to avoid paying taxes entirely....
So, you’ve decided to start your own business! Running a business can be one of the most rewarding and life-impacting experiences of your life, so congratulations on pursuing your passion. On the other hand, many new companies run out of steam early and fail,...
No doubt it’s a tough time for everyone. Millions are unemployed, thousands have died and thousands more have contracted Coronavirus. In these circumstances, businesses are struggling. There isn’t a manual or business school course on how to weather a pandemic....
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