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.
1. Understand the difference between deductions and credits, and how they affect your taxes. The best way to reduce the amount you have to pay in taxes each year is to take full advantage of every deduction and credit you are eligible for. 1  A deduction is something that reduces the amount of your income that is taxed.