Business Tax Articles

7 Posts tagged with the deductions tag
How to be up-to-date when you file for '08

Here are some helpful tips to ensure that your small business doesn't leave money on the table this tax season

By Reed Richardson
The past year has seen a number of changes to the tax code that could significantly affect small businesses and start-ups. Here's a rundown of the major tax updates and additions for filing your 2008 taxes.

Section 179 Expensing: In an effort to reward businesses that invested in expansion and infrastructure last year, th...

Read full article >>
  • Viewed: 7,403 times
  • Rating: 
  • Reviews: 1
What to keep in mind as you work in '09

Take advantage of this year's tax changes to help your small business today

By Reed Richardson

This year, the tax code has undergone a number of changes that could offer substantial benefits come filing season next spring. But to take full advantage, savvy small business owners should start incorporating these new rules into their day-to-day business practices right now.

Section 179 Expensing: If you missed out-or couldn't afford-to make large...

Read full article >>
  • Viewed: 4,612 times
  • Rating: 
  • Reviews: 3
7 Tax Tips for the Self Employed

7 Tax Tips for the Self Employed

Click to view SBOCTeam's profile

Posted by: SBOCTeam, Mar 3, 2009

Being self-employed is a dream for many people. Who doesn't want to be his or her own boss? Of course, the downside of being the boss is the all responsibilities that come with the job. Unfortunately, calculating and paying taxes are part of those responsibilities.

By Christopher Freeburn
According to the Internal Revenue Service (IRS), you are considered self-employed "if you are in business for yourself, or carry on a trade or business as a sole proprietor or an independent...

Read full article >>
  • Viewed: 10,403 times
  • Rating: 
  • Reviews: 0
Economic Recovery Package: What’s In It for You?

by BigIdeas4Biz

The $787 billion American Recovery and Reinvestment Act of 2009, which was signed into law on February 17, 2009, is designed to spur the economy. It makes numerous tax changes for individuals and businesses. Since sole proprietors, independent contractors, LLC members, and other owners pay tax on their share of business income on their personal returns, business-related changes become highly personal!

Most of the changes run for only a short time-...

Read full article >>
  • Viewed: 1,456 times
  • Rating: 
  • Reviews: 4
Seven Year-End Tax Tips

Seven Year-End Tax Tips

Click to view SBOCTeam's profile

Posted by: SBOCTeam, Dec 2, 2008


By Christopher Freeburn


The autumn leaves are falling, a chill is in the air, holidays are looming, and, for small business owners, it's a good time to think about ... taxes. While no one likes to ponder the intricacies and implications of the Internal Revenue Code, taking the time to do so toward the end of the year can save your business a considerable amount of money come tax time.


So what can you do now?


1. Lower Revenue...

Read full article >>
  • Viewed: 11,359 times
  • Rating: 
  • Reviews: 8
Five Tax Filing Mistakes To Avoid

Five Tax Filing Mistakes To Avoid

Click to view SBOCTeam's profile

Posted by: SBOCTeam, Mar 20, 2008

By Barbara Weltman

One of the least fun things about running a business is filing your annual income tax return and paying what's owed. As you embark on this task, don't make mistakes that can lead to needlessly overpaying your taxes or, even worse, becoming the target of an IRS audit.

1. Recognize your vulnerability. There is a $345 billion tax gap the spread between what the government actually collects and what it thinks it should be colle...

Read full article >>
  • Viewed: 2,640 times
  • Rating: 
  • Reviews: 3
Commonly Missed Deductions

Commonly Missed Deductions

Click to view SBOCTeam's profile

Posted by: SBOCTeam, Jan 30, 2008

Don't Leave Money on the Table! Tax time is here, so make sure your small business is getting every dollar you deserve

By Reed Richardson

Every year, millions of small businesses give away billions of dollars to the U.S. government by failing to claim everything they should on their tax return. To ensure you don't make the same mistake, here are some of the most commonly overlooked tax deductions and credits.

Retirement Plans If your small bu...

Read full article >>
  • Viewed: 8,999 times
  • Rating: 
  • Reviews: 5