Trusted Answers From Licensed Business Professionals
As with most tax topics, the answer depends on the situation and requires a discussion with your spouse or business partner. We know this topic can get contentious at times so be sure to discuss all of the benefits and drawbacks of each option. Also, make sure the focus is not completely on which method is cheaper or what method you used last year. The financial positions of individuals and businesses change each year so the method you use to file your taxes should also be re-evaluated. .