When it comes to savings taxes, we can't go elephant hunting, we have to chip away at what's available a little at a time.
Let us share some tax saving tips with you every month:
OCTOBER - Shift some income to family members:
Hiring your children can reduce your tax burden. Consider putting older siblings on the payroll, working evenings, weekends or summers at your business. Their salary is a business deduction for you and an earned income credit for them.