5 Ways to Reduce Taxes (legally) for Businesses

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Описание к видео 5 Ways to Reduce Taxes (legally) for Businesses

In this video, I talk about some basic strategies you can review and employ in order to help reduce your tax liability. Salary optimization is one way to reduce taxes. Then there's accelerated depreciation, which can help with taking more of a depreciation expense up front. Retirement. Can't go wrong there. Self Employed health insurance deduction can be a strong one if it fits your situation. Also employing family members can be a strong one if it firs your situation as well.

Check out our other videos related to personal finances and tax, as well as business finances and tax.

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This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.