It’s a challenging time for many businesses. Therefore, any help you can get, such as tax incentives and sales tax exemptions, can make a big difference. Unfortunately, these benefits often go unclaimed because businesses don’t know about them or erroneously think they’re ineligible.

Understanding these 4 tax-saving drivers will help you make tax-smart decisions over time, including moving money into tax smart investments and creating liquidity via debt financing. Here's the key drivers that will change how you think about your money!

Before traveling for business, it’s important to know what’s tax deductible. Through 2025, employees aren’t permitted to deduct unreimbursed business expenses, including travel expenses, but self-employed people may deduct business travel expenses on Schedule C.

Teachers who are getting ready for a new school year often pay for some of their classroom supplies out-of-pocket. They may be able to get some of that cost back by taking advantage of a special tax break for educators.

The standard deduction is a simple and effective way to reduce your taxable income without the complexity of itemizing deductions. It streamlines the tax filing process and ensures you benefit from a reduced tax liability.

As of the summer of 2023, 63% of new audits have been for individuals making $200k or less, with 80% of overall audits are for taxpayers making $1M or less. So much for allocating resources to the ultra-wealthy.