To get my complete, FREE articlewith all the details… In a recent article, I explained how, by paying your college student to do a job for your business, you could save a lot of money. For example, let’s say you paid your youngster $23,255 for a one-time job; one that wasn’t subject to self-employment taxes. Using this strategy, you could deduct the $23,255 and … [Read more...]
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Paying for College: A Winning Strategy
To get my complete, FREE articlewith all the details… Do you operate a business? Is your youngster eighteen-years-old or older? Then I have good news for you! If you handle things right, you can use a powerful strategyto build a sizable college fund. That’s right… The strategy explained below can help yousignificantly cut your tax bill. This frees up … [Read more...]
How to Cut Taxes When You Are Self-Employed
To get my complete, FREE articlewith all the details… Some people collect baseball cards. Others collect stamps. Savvy taxpayers, who want to cut their tax bills, collect deductions. Sure. You already know you can claim deductions on everything from business-car usage to home offices. But in my new issue of the Tax Reduction Letter, I’ll show you how to claim … [Read more...]
Five Things to Know About Employing Your Spouse
Some business owners can employ a spouse and work happily together. Other business owners just can’t work with their spouse. If you’re a person who can employ your spouse and make it work, I’ve got some good news for you. You may be eligible to use some terrific tax-saving strategies. As we’ll explain below, the key to making these strategies work is to use benefits … [Read more...]
Making Smart Selections from the COVID-19 Tax-Relief Buffet
As you know, the government is spending trillions of dollars to help you and your small businesses stay in business. What you may not know is that you have to be very careful when choosing the right form of financial assistance. Why? Because there’s a buffet of tax-relief offerings to choose from. And some of them conflict with other federal relief measures that might … [Read more...]