Tag: Section 179 deduction

Summer isn’t just for barbeques and baseball. It’s also a good time to think about ways to cut your 2023 business tax bill. Here are four planning ideas for small business owners to consider, assuming there won’t be any changes to current federal tax laws at least through 2024. 1. Establish a Tax-Favored Retirement Plan If your business doesn’t already have a retirement plan, now might be the time to take the plunge. Current rules allow for significant annual deductible… Read more ›

PDF: Act Now to Reduce Your Business’ 2022 Tax Bill As we approach the end of 2022, it’s imperative to take a closer look at your tax and financial plans. 2022 has been another year of unique opportunities and challenges ranging from the effects of historic levels of inflation, a changing political landscape, dramatic swings in the stock and real estate markets, and growing recession concerns, all poised to have long-term effects on your business and personal financial situations. Now… Read more ›