7 Tax Strategies for Small Business Owners
The number of small business owners who I have met that are overpaying on their taxes is astonishing. Many of them were already working with a CPA and thought there was nothing they could do about it.
Transportation Industry
Hiring the Kids or Grandparents Tax Strategy
Small businesses that are not taxed as corporations can hire their kids and grandparents without incurring any federal or payroll tax for legitimate services rendered paid at market rate.
Having Your LLC Taxed as a Corporation has Major Tax Advantages
A business operating with an LLC can elect to be treated as an S-Corp or C-Corp for tax purposes. This can help you save thousands in taxes.