Tax planning strategy isn’t one-size-fits-all, but there are some approaches that are generally accepted as smart and effective for small businesses. If you’re looking to minimize what you could owe on income taxes, the following strategies could help. Time Income and...
tax credits
Tax Credits and Tax Deductions: What’s the Difference?
If you want to end up owing less money to the IRS after filing your taxes (and who doesn’t?), claiming tax credits and deductions can greatly help to shrink that number. However, because they work in different ways, understanding the difference between a tax credit...
Obamacare vs. the GOP plan: What’s Different and What Does It Mean
Eyes have been on Washington in recent months as President Trump begins to put into action some of the claims made throughout his candidacy. One long-awaited claim has finally been revealed though: his, and the GOP’s, promise to repeal and replace Obamacare. Now that their plan has been disclosed to the general public, many are […]