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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Can Real Estate Professional Status Free Up Old Passive Losses?

Can Real Estate Professional Status Free Up Old Passive Losses? Many tax code–defined real estate professionals wonder if they can immediately use prior passive losses once they qualify for real estate professional status. The short answer is no, and here’s why. IRC Section 469 Background IRC Section 469 limits your ability to deduct passive losses…

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