Tax Tips

i_tipsAs I’ve shown in this section, taxes are an inevitable fact of life. However, given the right strategies, it is very possible to ensure that you are paying what is required rather than overpaying.  You never want to try and play games with your taxes, as “evasion” will always lead you into trouble.

Key Tips to Remember 

  • Always consult either a business savvy (not all are) IRS enrolled accountant, CPA or tax attorney
  • Start a business to convert personal expenses into business deductions
  • Maximize before-tax contributions to employment related retirement plans
  • Convert consumer interest to deductible interest

 

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