12-22-2016 09:48 AM
We're quickly approaching December 31, and with it the end of the year, and your last chance to do some business spending in 2016. The latest post on the Inspiration Center explores End-of-Year Tax Moves for Your Small Business.
Go on and read it at the link. There may be several considerations for your business, from your own P&L to the state of the economy. From the article:
"Several specialists, noting that the incoming Trump administration aims to lower taxes, suggest that business owners consider a timing strategy to delay income until 2017, when tax rates may be lower, while logging big expenses in 2016, when deductions may be higher."
If you don't have a strategy already in place, it's not too late!
Content Producer & Community Specialist