Good morning all… today is a short one because it is very simple.  As a business owner you have more flexibility than a regular wage-earner employee because you can sometimes choose to defer business income from one year to another.  You can also choose in many cases to time your purchases of business expense items when they are most favorable.  Since the way our tax system is set up punishes you for high income with much higher marginal tax rates, you can often use this ability to time income and expenses to your advantage.  I told you this one would be simple.

I thought of a fourth way to reduce your taxes that had slipped my mind originally, and it is a HUGE ONE that many people aren’t even aware of.  I’ll share it with you tomorrow on Tax Day…

Have a great day… 

Rob