Want to lower your taxes? Look to Medicare.
Do you pay premiums for Medicare health insurance? If so, you may be able to combine them with other qualifying healthcare expenses and claim them as an itemized deduction for …
Educator Tax Breaks
Teachers who are getting their classrooms ready for a new school year often pay for some of their classroom supplies out-of-pocket. They may be able to get some of that …
What business expenses can’t be written off?
If you check the Internal Revenue Code, you may be surprised to find that most business expenses (deductions) aren’t specifically listed there. For example, the tax law doesn’t explicitly state that …
Tackle Inflation: 3 Cost-Cutting Tips for Businesses
Every business wants to cut costs, but it sure isn’t easy. We’re talking about clear and substantial ways to lower expenses, thus strengthening cash flow and giving you a better …
4 Ways to Ensure Corporate-Owner Compensation is “Reasonable”
If you own a C corporation, you know there’s a tax advantage to taking money out as compensation rather than as dividends. The reason: A corporation can deduct the salaries …