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:
MAY - Expense assets for quick write-offs:
Instead of depreciating all your business equipment over many years, write off a portion of capital expenditures each year. But remember, you cannot shelter other income by expensing more than you earn from your business.