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Self-employed? Do this now to cut your taxes
Source:
cbsnews.com
- Dec 16, 2016
The time for moves that can help lower the taxes you’ll owe for 2016 is ticking away.
Those moves include what you can do now in anticipation of Donald Trump’s proposed tax plans and how you could benefit from making extra donations to charity before year-end.
But the taxpayers who have the most flexibility to do things now to create big-time tax savings are those who report some or all their income from self-employment. That’s because you have more control over the timing of when you receive income (for instance, by delaying sending invoices until January), and you can pay additional expenses before year-end.
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Category: General Business
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