Weekly Tax Tips March 25th

Weekly Tax Tips

March 25, 2024

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Trivia Question❓

What major tax reform was implemented in 2017 that significantly impacted growing businesses by lowering the corporate tax rate and creating new deductions for pass-through entities?

Answer at the bottom of the newsletter

Tip of the Day

Utilize tax-saving strategies such as maximizing deductions, taking advantage of tax credits, and investing in tax-deferred retirement accounts.

Interesting Facts

  • Utilizing tax breaks for small businesses, such as the Section 179 deduction, can help offset the costs of expanding and growing a business.


  • Businesses may benefit from hiring independent contractors rather than full-time employees, as the tax implications are often more favorable.


  • Taking advantage of tax credits and incentives for environmentally-friendly practices, such as energy-efficient upgrades, can help lower tax liabilities for growing businesses.


You Deserve a Laugh

Why did the tax accountant break up with the comedian?

They couldn't handle his deductions!

Quote of the Week

"Every dollar saved in taxes is a dollar that can be reinvested back into your growing business."

💡 Answer to Trivia Question:

The Tax Cuts and Jobs Act of 2017.