Last Minute, End of the Year Tax Moves You Can Do Today

Posted by Adam_Gottlieb under Taxes
From http://frugalentrepreneur.com 160 days ago

Even if you've been procrastinating with your tax planning or you've just started a business, you still have some time left to lock in tax savings before the year comes to an end. Here are five tax moves you can do today in your business that can save you hundreds or thousands of tax dollars.

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Comments

Written by HeatherStone
152 days ago

Hi Adam,

I think the last point is particularly important. If starting a new business is something you've been thinking about, remember there are tax benefits. Structure your start-up schedule accordingly.

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Written by Adam_Gottlieb
152 days ago

That's right, Heather, except I think most entrepreneurs and new small business owners don't realize this- it's easy to get lost in the process of getting a new business off the ground. Those who do realize, though, can benefit from a lot of savings.

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Written by bigmoneyweb
160 days ago

Great article and I agree with you. Whether you are having a good year, rebounding from recent losses, or still struggling to get off the ground, you may be able to save a bundle on your taxes if you make the right moves before the end of the year. Thanks for sharing.

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Written by Adam_Gottlieb
152 days ago

A hundred percent, but even bigger savings can be realized if a small business owner starts tax planning at the beginning of the tax year and not just waiting till the end.

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