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Taxes

7 Easy Ways to Lower Your Taxable Business Income

As a business owner, you shouldn’t be afraid of paying taxes. If you’re paying taxes, you’re making money. Yet, no one wants to pay more taxes more than they have to. Today, we’ll help you make an effort to lower your taxable income with a few easy tips. 1. The Answer Isn’t to Spend More Of course, you’d like to make as much money as possible, but you do have to keep an eye out on your AGI (Adjusted Gross Income). After all, there are tax brackets you need to be wary of. For example, you can easily avoid the additional 0.9% Medicare tax if your AGI doesn’t exceed $200,000 ($250,000 for joint…
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    Lucia & Co. CPAs Inc. - Not Your Ordinary Bean Counters
    Lucia & Co. CPAs are not your ordinary bean counters. We are a trusted accounting firm that goes above and beyond in delivering top-notch tax services and comprehensive QuickBooks training. With our expertise in tax planning, preparation, and compliance, we ensure that you navigate the complexities of the tax landscape with ease, maximizing your deductions and minimizing liabilities.
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