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...

Have you passed the Social Security wage base of $106,800 for 2009? Once you do, you save 6.2% in Social Security tax on every dollar of wages.

Instead of pocketing the cash, you might allocate at least part of it to a 401(k) or other retirement plan. Alternatively, you might siphon off more dollars to income tax withholding. This reduces the income tax you owe for ‘09 without any pain. It could even create a refund!