With more than 30 million small businesses in the US, effective tax planning is essential to maximizing profits and minimizing taxes, keeping more of what is earned, and lowering your taxes for the future. Understanding the intricacies of effective tax planning takes professional guidance to ensure that you are taking advantage of every opportunity. But there are some basic techniques that can be used to help lower you tax burden and maximizing profits coming into your business while reducing expenses.
Employee Benefits: These are mostly the incentives used to keep valuable employees. Such benefits include health insurance, contributions to life, long-term care, and disability insurance. And you may even include assistance for tuition, childcare, transportation, and even what you use for the cafeteria in your company.