Tax tips fall into two basic categories: The longer list of things you can do during the tax year to reduce your liability and a shorter list of things you need to do after the year is over but before you file. Our subject here is that second list. Let’s get going. 1. Take the […]
Tax time is stressful for small business owners particularly in light of our complex and changing tax law. Unless you’re a tax expert, it’s difficult to keep up with all the rules and regulations. While small business owners know you can’t get out of paying Uncle Sam, no one wants to pay more than legally required. However, some business owners may get a little too creative when it comes to taking tax deductions.
It’s tax time. Something none of us can avoid. But what we can avoid is paying more than what we rightfully owe to Uncle Sam. Here ten tax deductions for small businesses that you may overlook. Make sure you review them before you submit your filing this year. And it’s always smart to double check with a professional