Tax Tips

Depending on your needs, please choose the tax tips that you wish to find out more about.

I hope these tips will help you to organize, understand and prepare to make the best financial decisions.

Good luck!!!

Tax Tips for Businesses

INCOME SPLITTING:

The income tax savings resulting from transferring income from an individual in the highest marginal tax bracket (i.e., yourself) to a spouse in the lowest tax bracket can be as much as  $14,375 or more. If the transfer is made to an adult child, the tax savings can be over $11,000 per year!.  Consider paying your family members officially for their involvement in your business!

Copyright 2014 Rita Zelikman.