How to Pay Less Taxes eBookAlmost all independent contractors can take steps to significantly reduce the amount of money they hand over to the Internal Revenue Service (IRS) every year. However, without in-depth knowledge of tax code, many pay more than they have to. To achieve business success, maximizing tax deductions while remaining tax compliant is key.

“How to Pay Less Taxes” will reveal important deductions and commonly overlooked expenses that can significantly reduce your tax burden. Discover how the smartest independent contractors employ our top tax strategies to pay less taxes.

DOWNLOAD EBOOK //

SHARE THIS:

Related information

A Common Tax Misconception

A misconception we see in tax planning with taxpayers is self-employment (SE) taxes (social security and Medicare) and income taxes are calculated on the same line of the tax return. The thinking of the taxpayer can be: “If I have a $5,000 tax bill, I can just spend $5,000 on my truck as a business expense and pay no taxes!” That’s incorrect. A business cost is not an equal deduction in tax due.

 

Read full story

7 Red Flags that May Lead to a Tax Audit

Tax season makes a lot of people nervous.  They are worried that they might owe money or that they haven’t done their taxes properly.  They worry about whether or not they will get a notice that says they are being audited. As you do your taxes this year, pay attention to these seven red flags that may lead to a tax audit.

Read full story

Filing a Tax Extension

With only a few weeks to go until the April 15 tax deadline, procrastinators might be starting to feel a little anxious about their taxes. If this sounds like you, then filing for an extension might be just what you need.

Read full story

KEEP YOUR BUSINESS BETWEEN THE LINES WITH USEFUL INFORMATION SENT RIGHT TO YOUR INBOX.

Sign Me Up