By Eric Tyson
Many independent advisors double as small business owners.
These advisors know: The quest for revenue is never-ending. That means, besides chasing new clients, you're also scouring your expenses to see where you might make cuts. Working intelligently (and legally) to minimize taxes can help greatly in this regard.
Quite often, small business owners overlook some great tax reduction opportunities. We all have to pay taxes, but there's no reason to overpay. Employ legal tax reduction strategies, send less to Uncle Sam, and you'll automatically keep more revenue for yourself.
Here are eight things you can do this year—some fairly obvious, others not so much—to potentially improve your tax situation:
Eric Tyson, MBA, is author of the new book Small Business Taxes for Dummies, Second Edition.