7 Smart Year-End Tax Planning Moves For Small Business Owners

Contributing sentiments towards policy:

51% : For the self-employed, minimizing taxation is one of the best ways to increase the net profitability of all your hard work in your business.
50% : Taxes are based on your overall household income and filing status.
49% : Defined-Benefit Pension Plan - For business owners looking to save even more on taxes, the Cash Balance Plan (combined with a 401(k)) could allow your business to shelter several hundred thousand dollars in income each year.
45% : With a higher income, you may want to be more aggressive in looking for tax deductions.
45% : This valuable tax break can save hundreds, or even thousands, of dollars in taxes each year.
40% : High-income small businesses can potentially defer income taxes on hundreds of thousands of dollars annually.

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