Tax season is upon us! Are you ready? Tax season is one of the most dreaded times of year. Fortunately, it doesn’t have to be this way! With proper organization and early filing, you can make your tax season go much more smoothly! No matter how much assistance you get from tax accountants and programs, you shouldn’t forget these key ways to organize your filing: Gather your receipts: Large or small, potential deductions like charitable contributions or business expenses can add up. Even … [Read more...]
Tips for Deductibles that can Lower Taxes for Small Businesses
March 12, 2014 by
The cost of taxes can be a shock for a small business, but the proper deductions can lessen the sting. Here are some tips for things you can take off your taxes as business expenses if you have the proper documentation to back them up: Office equipment is a basic necessity, and much of it can be deducted. However, not all of it can be taken off as a one-time write-off. Some items have to be taken off over several years as they depreciate, instead. Talk to an accountant if you're not sure … [Read more...]