1. Dodge Those Taxes
Yes, we are an accredited accounting and bookkeeping firm and are not actually saying to cheat on your taxes. However, we are saying there are many clever ways to dodge them. One of the most under-utilized tips we usually give is for people to max out their retirement deductions. For example, for 2015 an individual under the age of 50 can contribute up to $18,000 towards their retirement completely tax free. At a rate of about 30%, that $18,000 you put away for the future saves you about $5,400 in taxes. Those over the age of 50 can contribute up to $24,000, or save $7,200 in taxes at the same rate.
