Business owners expecting lower income in the upcoming year can reduce their tax liability by delaying invoicing from December to January, thereby shifting income into a potentially lower tax bracket.

Authors

• Person: Not available Organization: PTC CPAs & Advisors
  Advanced Tax Management Strategies | Build & Preserve Wealth

Sources

• Advanced Tax Management Strategies | Build & Preserve Wealth ptcpas.com PTC CPAs & Advisors via serper

Referenced by nodes (1)

• tax liability concept