Many companies still maintain a trimmed-down team of outside sales reps. But even their outside reps are spending more time selling remotely using the telephone and Internet. To better understand this seismic shift, letâs compare inside sales vs. outside sales. There are three key differences. What is Inside Sales and How is it Different? 1.
One of the best ways to lower your tax bill is to reduce your taxable income. You can contribute to up to $17,500 to your 401(k) or similar retirement savings plan in 2014 ($23,000 if you are 50 or older by the end of the year). Money contributed to the plan is not included in your taxable income.
The IRS charges a far lower interest rate, which means you can spend more of your money paying off the balance, not just keeping up with interest. Donât take money out of your retirement accounts to pay a tax bill. You may owe a penalty, in addition to income taxes, on the amount you withdraw.By the time you pay the penalty and income tax, you wonât have as much left to pay your previous tax bill as you thought. Besides, retirement accounts are for retirement! Finally, if you owe the IRS a good deal of money, donât panic!he IRS charges a far lower interest rate, which means you can spend more of your money paying off the balance, not just keeping up with interest. Donât take money out of your retirement accounts to pay a tax bill. You may owe a penalty, in addition to income taxes, on the amount you withdraw.