Tax Write-Off Ideas?

I have to pay in over 50k this year from my business profits.

Im trying to think what I could do next year instead of uncle Sam getting it all. Any Ideas?

So far heres what I have

Hire friends and family, give them an easy high paying job

take more vacation

buy more stuff for the office

Hire a tax professional who can go over your information and give you an answer based on all of your tax return not just your business side of the equation.

Donate to charity. Something Uncle Sam doesn't like.

Put money in a retirement account. Give money to your church or charity.

depreciation of hard assets
ALL travel expenses
either incorporate (if it's economically sound) or become an LLC. transfer assets and income to the new company
decrease your paid salary
max out your 401K
matching funds for employee 401 contributions
establish an employee benefit program with FLEXIBLE benefits and pay all medical expenses with pretax dollars
establish a HEALTH CARE REIMBURSEMENT ACCOUNT

for starters

I'd suggest you spend a couple a grand and go to a good CPA. These are pretty common ideas. The really GOOD ones you have to pay for.

A friend of mine would buy a business and run it into the ground to write off the losses, which were still less than her more successful companies profits.

You can buy tax credits.
You can invest money in a business which is sure to lose money like oil drilling or making movies.

-You could spend more money and renovate. (be more attractive to customers)
-You could give raises(decreases your profit & happy workers mean better customer service)
-Donate your money (to lower you taxable income)
-Spend more in advertising(get more customers and a bigger expense lowering your taxable income)
-Retirement account.

Those are probably your best choices. The first 4 would help you out in the long run by providing more future/return customers and lower your tax liability!!!!