Stop Overpaying The IRS
With the economy slowing and Washington threatening to boost audits of small businesses, it’s time to rethink your tax strategy.
There are two proven paths to building wealth: You can increase the amount of money you make, or you can increase the amount of money you keep.
Chances are you devote abundant time and energy to the first strategy, meaning you’re utterly consumed with developing new products or breaking into new markets. But the second path tends to get less consideration, particularly because one of the primary ways of keeping more money is paying lower taxes.
Taxes are painful not only to pay but to think about. Taxes are complex. Figuring out ways to shave your tax bill is not why you went into business.
But ignore the subject at your peril. In an effort to shore up a record deficit, the IRS is increasingly targeting small businesses for audits and has made no secret of the fact. More.
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