Prepare Now to Pay Less in Taxes
Here are a few ways you can reduce your tax liability for 2015:

Invest in Your Business
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Increasing your expenses by the end of the year can reduce your tax liability—particularly with the purchase of new equipment and/or software. Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying items purchased or financed during 2015, with a maximum limit of $200,000 and a deduction limit of $25,000.

Plan for the Future - Retirement accounts can provide excellent tax benefits to small businesses. Maximize contributions to retirement accounts to reduce your taxable income. Taxes don’t have to be paid on that money until it is taken out at retirement, and contributions to most employee retirement plans can be written off as tax deductions.

Make Charitable Donations - ‘Tis the season of giving! So, make charitable donations before the end of the year allows you to deduct them for 2015. Donations of cash or property made only to charities with 501(c)(3) status—or a religious organization—are tax deductible. This tip is good for write-off purposes, but also reinforces your dedication to community involvement when you donate to local charities.
 
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