The Smart Way to Cut Self Employment Tax: S-Corporation Have you had enough of paying large amounts of self-employment tax? For 2022, lawmakers levy the self-employment tax at the painfully high rate of 15.3 percent on the first $147,000 of net self-employment...
Tax Strategies to Reduce Your Taxes as a Schedule C Taxpayer: Maximize Deductions and Save Big Tax strategies to lower your schedule c taxes – As a small business owner, you know that tax season can be stressful. But with some planning, you can reduce...
Don’t Miss the New Tax Deadline: Key Updates for This Year It’s never too early to start thinking about your next tax return. Unless you requested an extension to file your 2021 return, the next return that most people will have to file is their federal tax...
The Business Mileage Rule: A Smart Tax Strategy Business Mileage – Are you a small business owner always looking for ways to decrease your tax bill? If so, you may be interested in the business mileage rule. This rule allows small business owners to deduct the...
Tax Season Update: Your Guide to Recent Changes We all know that this year started out as anything but normal and now with the recent freezing temperatures, power and water outages, the trend continues. Tax Season Extended for Texas – June 15, 2021 Due to this winter...
