taxes

How to Increase Your Deductions for Healthcare Expenses

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

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.