Many small business owners assume their tax bill is locked in the moment the calendar flips to January. But that’s not entirely true. The tax code includes several overlooked small business tax deductions that can still help entrepreneurs lower their taxable income before they officially file their return. If you’re feeling the pressure of aContinue reading “Post-Year-End Small Business Tax Deductions to Lower Taxes”
Tag Archives: Tax planning
The “Accidental” Tax Trap: The Right Way To Do Tax-Free Reimbursements
It is a scenario I see play out with even the most diligent business owners: you’re at the checkout counter, realize you’ve forgotten your business credit card, and instinctively reach for your personal one to finish the transaction. Or, perhaps more commonly, you have “mixed-use” expenses like your cell phone, home internet, or your carContinue reading “The “Accidental” Tax Trap: The Right Way To Do Tax-Free Reimbursements”
Smarter Tax Planning for New York Business Partnerships with Unequal Ownership
Learn how using an LLC partnership with individual S-corporations can simplify accounting and give each partner flexible tax planning options.
Save Money With Year-End Tax Planning
Boost your self-employed income with My Fiscal Office’s year-end tax planning.