With technology at the forefront of modern communication, more and more people are turning to the Internet to stay abreast of the latest news and information. Likewise, many of today's consumers use the Internet to find the best prices and to conduct research when they're planning their next purchase.
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It's not too late! You can still take steps to significantly reduce your business's 2017 income tax bill and possibly lay the groundwork for tax savings in future years.
Every year, millions of dollars are donated to not-for-profit organizations. In these cases, the money that's supposed to go to an organization's causes can be diverted to thieves. Not-for-profits aren't immune to the threat of fraud from their own employees.
High gas costs translate into high shipping costs, but manufacturers needn't passively accept this. Those companies that learn how less-than-truckload (LTL) carriers classify freight can modify their shipping processes to lower shipping costs.
Payments made by a medical practice to buy out a retiring partner's entire ownership interest are generally subject to self-employment tax. Careful planning can change that.
We'll explain how, but first, here is some background information.