Top 4 Money-Saving Small Business Tax Strategies

Business owner standing on a paper airplane high above the clouds, looking into the distance as a metaphor for planning and forward-looking tax strategy.

Running a small business means managing cash, payroll, operations, and growth goals all at once. But the smartest owners know this: Your biggest savings often come from the tax decisions you make—not the revenue you collect. Here are four practical, money-saving tax strategies every small business owner should consider before year-end. 1. Pay Yourself the…

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The Business Owner’s Guide to Reasonable Compensation

Business owner using a calculator with cash and coins on the desk while writing notes, representing determining reasonable compensation.

If you own a business taxed as an S corporation, how you pay yourself matters.You can take money two ways: W-2 Payroll (reasonable compensation) Owner Distributions (profit) The IRS expects both. Your salary must be reasonable based on the work you do.Not too high.Not too low.Justifiable. Let’s walk through what that means. What “Reasonable Compensation”…

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