Here's how small-business owners can trim their tax bills in 2016 [MSN Money]
Churchill Capital Corp V Class A (CCV)
US:NYSE Investor Relations:
cmcsa.com/investors
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Source: MSN Money
If you run a small business, now is the time to shore up your finances and take advantage of available deductions to cut your tax bill. Bear in mind, you're wrapping up this year's books. Advisors say it's too early to see how the Trump administration will shape the tax regime in 2017. © Provided by CNBC "For 2016, we can play by the rules we have available to us now," said Gavin Morrissey, managing partner at Financial Strategy Associates in Needham, Massachusetts. "Small-business owners should re-evaluate things in 2017, once we know the new tax rules under Trump." Though the end of the year is a good time for even regular 9-to-5 employees to do some tax planning, it's especially critical for owners of small businesses. In part, that's because entrepreneurs are responsible for paying their estimated state and federal taxes on time. They're also on their own when it comes to setting up and funding their retirement plans in a timely fashion. "Ta
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