Incorporation doesn’t sound like something a small-business owner needs to worry about—corporations are those big, faceless companies in big shiny skyscrapers, right? Not necessarily! You only have to be making $50,000 a year to make it worth it from a tax perspective—for the most part.
Are you looking to take advantage of any tax breaks available by the end of the year? It’s a good idea if you are positioned correctly. If you are a W2 employee, there is not much time left for you to augment your 401(k) savings. IRAs allow you to contribute until April 15, but 401(k)s […]