Tag Archives: tax savings

Business Resources, Individual Tax Resources, Tax Tips

Hire your children this summer: Everyone wins

Posted on by Walker Glantz
29
May

If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll […]

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Business Resources, Individual Tax Resources, Tax Tips

What type of expenses can’t be written off by your business?

Posted on by Walker Glantz
28
May

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office supplies and certain other expenses. Some expenses are detailed in the tax code, but the general rule is contained in […]

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