Year-End Tax Tactics: Strategies to Lower Your 2023 Business Tax Bill – Part 2
Last week we looked at four methods you can use to save money on your 2023 business tax return: Make large purchases for your business before December; Defer business income until next year; Accelerate business expenses to this year; and Contribute to your employee HSA accounts. This week, I share more ways end-of-year tax planning…
Year-End Tax Tactics: Strategies to Lower Your 2023 Business Tax Bill – Part 1
It might seem a bit early to think about your 2023 business taxes, but as the year draws to a close, it’s the perfect time to take a closer look at your company’s financial situation and make some strategic moves to minimize your business’ tax liability come next April. Year-end tax planning for your business…