While many entrepreneurs focus on how they can quickly increase sales, it is equally important to look for strategies that will help lower expenses. By lowering certain expenses, you can then use the available money towards other areas of your business. Whether you are a new or experienced business, here are three items to consider to maximize savings and grow your bottom line.
The Department of Treasury and the IRS issued final and temporary regulations under Section 385,
As a small business owner, the idea of tax planning may seem overwhelming and can sometimes even get ignored. But if you’re able to put into practice some good tax planning habits and even meet with a tax advisor quarterly, you’ll find that you can take advantage of provisions, credits, and deductions that may considerably reduce your taxes. Below are just a few items to think about as we near the close of 2015.