What are marginal tax rates and effective tax rates? Have you ever wondered why your taxable income doesn’t lose the percentage of the tax that your bracket is in? This is because of the operating principles behind marginal tax rates. Because of graduated tax brackets that tax wealthier people more, the higher your taxable income…… Read More

How to hire your child and save on taxes Running a small family business can be tough, especially if you do all of your taxes yourself. Perhaps you need to save a little bit of money here and there, and for that, your children can help. Hiring your child not only saves you money from…… Read More

Below are 5 things to consider: 1.Take advantage of all available business tax deductions? Business tax deduction will lower taxable income which in turn will lower the amount of tax you owe to the government. There is a lengthy list of deductions businesses are entitled to. Proper bookkeeping is pertinent to allow you to keep…… Read More