If you incur costs throughout the year that pertain to membership fees or union dues, these could all be considered deductible business expenses.
Having good records can help you support your revenues and expenses during a tax or financial statement audit. Here's what you need to know.
As a sole proprietor you should understand the pros and cons of doing so and compare its features to those of other organizational structures.
The contribution and deduction limit for a SIMPLE IRA is higher. To see how you can benefit from this and to learn more, click here.
Fringe benefits can be a strategic method for an employer to save on taxes while still benefiting the employee. Find out more about the tax implications here.