Proven Tax Reduction Strategies for Sole Proprietors

If you operate your business as a sole proprietorship, there are many strategies to reduce your taxes. Use the Section 105 plan to make your health insurance a tax-favored business deduction on your Schedule C. Employ your under-age-18 child to make taxable income disappear. Employ your spouse without paying him or her a W-2 wage.Continue reading “Proven Tax Reduction Strategies for Sole Proprietors”

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