Many people don't realize how much they can save on taxes. This guide shows how to pay less taxes with 7 basic tax planning strategies.
Taxes. They come in many forms. Some are hidden: corporate taxes are built into the cost of goods and services you buy; excise taxes are included into products like gasoline. Others are more visible like sales and property taxes. And then we come to the most visible and dreaded tax of all: income tax. When people complain about taxes they are usually talking about income taxes. Avoiding income taxes should be easy considering the size of the tax code and the millions of loopholes available. And that is the problem. The tax code is so big that it is daunting so most people have their eyes roll back in their head when they should be facing the tax code head on.
If you are interested on how to pay less tax, you have come to the right place. You are going to learn about 8 ways to legally pay less tax.
If you’re filing small business taxes for the first time or even if you’re a seasoned pro, read to learn how to save when filing your taxes.
Hate paying taxes? Here are some pro tips on how to pay less tax in Canada. Learn some cool tax tricks that you might not have known before here.
What are some changes that you can make that can reduce your taxable income and save money on your tax bill?
If you are interested on how to pay less tax, you have come to the right place. You are going to learn about 8 ways to legally pay less tax.
Let's talk about some expenses entrepreneurs can write off on their taxes, now. September 2024
This guide covers how much RRSP you can contribute to avoid paying taxes, how RRSP contributions work, and the over-contribution penalty.
Are you a small business owner in Canada looking for ways to save money and pay less tax? In this article, I'll be sharing some practical tips and strategies
It’s nice to inherit. Less so, however, if it means a visit from the tax man.
You need to pay estimated taxes. You may not realize it, but even as a self-employed individual, you are responsible for filing taxes every quarter.
Using a quarterly tax payment calculator to estimate owed taxes and avoid penalties.
What do you do if you owe taxes, but you can’t pay? Read our guide on how to take care of your situation as painlessly as possible.
Want to learn about how to withdraw RRSP without paying tax? In this post, I cover 3 ways to avoid RRSP withdrawal taxes and penalties.
Do women pay more for the same product a man buys? Learn what the pink tax is, if you're paying it, and how to avoid it right now.
What do you do if you owe taxes, but you can’t pay? Read our guide on how to take care of your situation as painlessly as possible.
The median U.S. property tax bill is $2,331, but it can be thousands of dollars more depending on where you live.
This article helps you understand when to claim a 0 or 1 on your W4 to avoid overpaying or underpaying on taxes.
Everything you need to know about paying quarterly estimated taxes as a freelancer. What is it, how do you calculate it, and how do you pay it?
Teachers Pay Teachers Taxes - Info for Sellers
The US is one of only two countries that mandates their citizens still pay taxes, even if they live abroad! Completing taxes for expats is complicated, confusing, and obscure. In this post you'll learn the what, why, and how of taxes for expats.
Because of the ‘survivor trap,’ taxes often spike when a spouse transitions to filing as a single taxpayer. But there are several strategies to lessen the hit.
Want to Know How to file Freelancer Taxes in Germany? Learn how you can easily file taxes as a freelancer in Germany (all by yourself in Simple English!)
If your most recent property tax assessment caught you by surprise, you have options beyond simply paying it. With a little research and a lot of determination, you can get your property taxes lowered. Here's how.
When I was just getting started, I had no idea how to manage my blog's finances. Fast forward a couple of years and I'm fully prepared for my blog's taxes!
Optimizing digital nomad taxes (as a remote worker or business owner) is very important, and Kathleen Di Paolo of Wanderers Wealth can help!
Some retirement strategies won't work as well when factoring in Social Security taxes.
Are you confused about how gross pay and net pay are calculated? This guide will clear everything up. Learn about the different deductions that are taken from your paycheck, as well as the tax rates that apply to your gross pay.
When exactly can you apply tax write-offs? If you're still unsure and want to get the full advantage of this itemized deduction, read on and find out!
*Affiliate disclosure: I may receive commissions if you buy via the links below. As an Amazon Associate, I earn from qualifying purchases. Fear. Panic. Uncertainty. All feelings that surround us when we think about how to pay taxes as a freelancer. What’s with all the dread? Honestly, I think it’s just that we as a […]
Bookkeeping and taxes are some of business owners least favorite tasks, but absolutely critical. Here's how to manage your finances as an entrepreneur.
“What should I be paying myself as a creative business owner?” This is a topic I get asked about a lot and there are a few different ways to look at it. Pay yourself a percentage of your profit each month. Pay yourself a fixed amount each month. The truth is th
There are many factors to consider when it comes to deciding if you need to pay income tax on inheritance
Learn what is an S Corp “Reasonable Salary”, get S Corp salary examples and know the tax benefits of running an S Corp. Calculate a reasonable salary for yourself.
Figuring out taxes as a blogger? The Blog Societies shares why you need to set aside 30% for taxes this time of year.
Taxes are complicated. Digital Nomad taxes are even more complicated. The first question that a lot of people ask is “Where am I supposed to pay taxes?”. If you’re lucky, the answer is “nowhere”. If you’re not so lucky, the answer is “it depends”. What’s luck got to do with ...
The convoluted mess created by successive Chancellors means you may be taking home as little as 12p in every pound on some of your income.
What would you say to a system that guarantees your business will turn a profit, save for taxes, pay your expenses, and pay YOU ?! Even as an accountant, I’m not sure I would have believed such a system was possible. But the magic unicorn is real, ya’ll. And it’s honestly so simple.
Rental income is taxed the same as ordinary income. However, you can significantly reduce the amount of taxes. Read on to learn how to pay less.
