Small Business Tax Strategies

Smart small business owners save thousands of dollars per year on their personal and business taxes by taking advantage of the legal loopholes that the government creates for their unique tax situation. Small Business Tax Strategies cuts through tedious tax code to reveal the bonanza of completely legal opportunities to grow personal wealth and secure an enjoyable retirement.  Learn more about Small Business Tax Strategies and the two free reports you’ll get when you subscribe...

The IRS is speeding up its efforts to narrow the estimated $350 billion tax gap.

Case in point: Instead of waiting until next spring to launch random audits of employment tax returns, as initially planned, the IRS recently announced it would begin the first 1,500 examinations this November. The agency expects to complete a total of 4,500 such audits over a three-year period.

In particular, IRS agents are being instructed to examine worker classifications, employee benefits and executive compensation. Also, agents will be wary of S corporations paying their owners little or no wages.