Are you looking to cash out money from your 401(K)? In these uncertain times, the focus is on these two things: Cash Flow and Sources of Cash Flow. The Cares Act aka the stimulus bill includes great incentives for business owners, who need access to cash.
How to Increase Your Deductions for Healthcare Expenses
With the high cost of health care, business owners need to ensure that they are maximizing their deductions by implementing the right steps to claim 100% of their expenses incurred for healthcare. You are eligible to utilize the self-employment insurance premium deduction on your individual income tax return (Form 1040).
5 Easy Ways to Reduce Your Tax Bill: The IRS Doesn’t Want You To Read This
One of the greatest struggles of business owners is cash flow preservation - keeping more of the money they make. Being strategic about how and when to purchase supplies, pay taxes and how to claim charitable deductions can affect the amount of annual income or profit claimed, and therefore the amount of taxes owed.