https://evergreensmallbusiness.com/five-best-small-business-tax-loopholes/ Actionable Insights from Small Business CPAs Fri, 12 Oct 2018 17:25:21 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://evergreensmallbusiness.com/five-best-small-business-tax-loopholes/#comment-1773 Sun, 05 Apr 2015 21:20:40 +0000 http://evergreensmallbusiness.com/?p=1562#comment-1773 Great ideas Steve, one thing most taxpayers don’t think about and many tax practitioners don’t push enough is retirement funding.
Many have big chunks of cash sitting in non retirement accounts and simply reclassifying funds into seps, simples of solo 401K’s can save a lot of tax.
Personally i’m a big fan of Roth 401K’s, no deduction now but no tax consequence in the future that is till the IRS changes to code to place an excise tax on all Roth distributions somewhere down the road.
More importantly, retirement accounts provide great asset protection.

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