Sure, college and other educational expenses are insanely high. But there is something you can do about it! Create a tax-favored Section 127 educational assistance plan for your business. You see, an educational assistance plan can create extremely valuable tax deductions. How can you take advantage of this often overlooked money-maker? Easy. Read my new article titled … [Read more...]
New commercial-office tax breaks!
Thinking about making improvements to your commercial-office space? Act now! Why? Because the recently passed Protecting Americans from Tax Hikes (PATH) Act can put thousands of dollars in your pocket if you make improvements to your non-residential property promptly. More good news… It’s very easy to qualify for this new and hefty tax money-saver as we’ll explain when … [Read more...]
How to choose the right business entity (Part 1)
Are you starting a business or thinking about buying one? Then you’ll have to consider which form of business entity you’re going to establish. A sole proprietorship A single-member LLC An S corporation A C corporation Each form of business has its own advantages and disadvantages which we’ll analyze in our two-part series. In part one, we’ll examine the … [Read more...]
A little-known way to cut your tax bill
If you pay foreign taxes on income generated abroad, you’re probably eligible for a nice U.S. tax deduction or credit. Don’t stop reading because you think you don’t have a foreign account or direct foreign investment. If you’ve got money in U.S. stocks or mutual funds that invest overseas, you likely are paying foreign taxes. You’re just not aware of it. And the good … [Read more...]
How your start-up can save big money
Lawmakers finally got it! They realized that it takes time to grow a new business and that it may not generate tax revenue for a while. So they put some extremely helpful rules into the Protecting Americans from Tax Hikes (PATH) Act of 2015. If you are thinking about starting a new small business, you may be able to save a lot of money. But you have to know how to play … [Read more...]