Here is a video tax tip from the IRS:
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In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities. Time deductions and income If your business operates on a cash basis,...
Health Savings Accounts (HSAs) can seem confusing, but used wisely, they can significantly reduce your tax bill. Let's break down how to capitalize on them. What is an HSA? An HSA is a dedicated account to set aside money (on a pre-tax basis) to pay for current and...
As a business owner, you likely rely on tax professionals and advisors to help you navigate financial decisions, tax compliance, and regulatory requirements. But are these professional service fees deductible on your business tax return? In most cases, the...
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Entrepreneurial Success Formula: How to Avoid Managing Your Business From Your Bank Account