During the past few years, Congress has failed to agree on legislation that would derail a powerful estate planning technique for small business owners. Strategy: Set up a Grantor Retained Annuity Trust (GRAT) to “zero out.”
Small Business Tax Deduction Strategies
Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?
Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.
If you’re paying pricey premiums for long-term care (LTC) insurance, don’t overlook the tax implications. Strategy: Add the allowable cost to other deductible medical expenses.
Can you deduct the cost of fancy clothing you must wear to company events? Generally, the answer is “no.” Deductions for work clothes are permitted only if the following two conditions are met.