by Bill Houston | Jan 27, 2020 | Business Deductions, Reduce Your Taxes
There are a number of reasons to convert your business to an S Corporation but the most common is to reduce self-employment (SE) taxes. Any one operating their business as a sole proprietorship or an LLC taxed as a disregarded entity (fancy way of saying sole prop) or...
by Bill Houston | Sep 3, 2017 | Reduce Your Taxes
Volunteering at local charities, such as your PTA, may give you some valuable tax breaks, such as deductions for mileage, travel expenses and out-of-pocket expenses. There are rules of course, that you must adhere to. The IRS allows you to deduct expenses associated...
by Bill Houston | Nov 6, 2016 | Reduce Your Taxes
Here are a few tax planning tips to help reduce taxable income for 2016. It’s not too late to utilize some of these strategies. You can accelerate deductions and defer income- for example, make an extra mortgage payment before the end of the year or put off...
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