Tax Loopholes: 3 Ways To Make Tax Laws Work For You
Many people associate the words tax loopholes with questionable accounting practices. But according to tax strategist Diane Kennedy, of http://TaxLoopholes.com, A loophole is nothing more than a government incentivetax laws are written to favor people wanting to start businesses because businesses stimulate the economy. Tax loopholes are just legitimate deductions the government allows in order to encourage certain behaviors. Exploiting loopholes isnt about skirting the law, but rather making it work for you.
3 Steps to Reduce Taxes
1. One of the best ways to reclaim your tax dollars is by starting your own business. Owning a business allows you to take advantage of the way those laws are written. With the increase of e-commerce, its easier than ever to start an online business. Whether you offer a product or service, an e-business is an excellent vehicle for lowering your tax liability.
2. As a business owner, its crucial you consider the business structure in which you operate. Dont just start selling online without considering the tax implications or bothering to incorporate. Says Kennedy, Your...
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