Is there still time to pay 2018 bonuses and deduct them on your 2018 return?

2018 Tax Return, Accrual-Basis Taxpayers, Bonuses, Cash-Basis Taxpayers, Deductions, Internal Revenue Service, Small Business, Tax, Tax Savings /

There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee bonuses for 2018 in 2019 and still deduct them on your 2018 tax return. In certain circumstances, businesses can deduct bonuses employees have earned during a tax year […]

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