Last week we talked about the most hated small business taxes among small business owners. This week, we’re asking our small business experts what they’ve learned about taxes since opening up shop. These were our ten favorite answers:
1. “As a mobile pet sitting business, one of my favorite write-offs is mileage. Most people forget to keep track of their miles and just guess, but often they are getting less credit than they should. I keep a notebook in my car to keep track of mileage, then when I get home at the end of the day I transfer it to a spreadsheet. This way I have all my mileage ready for tax time, and have it in both paper and digital form.” -Chris Herath, Atlantic Pet Sitting Continue reading
At the beginning of each year, businesses begin to look at what they spent the year before, gather up receipts, approve budgets for the year, and start to get ready to file their taxes. Prepping your small business’ taxes early can be a long drawn-out process but gathering and preparing everything early on ensures that you and your employees are taken care of completely before April 15th.
Organize all of your records
We weren’t planning on releasing our big April 17th news until today, but the LA Examiner beat us to the punch. Oops!
Feeling the pinch from paying Uncle Sam? We can help!
But in case you haven’t heard, we’re dubbing this April 17th our version of Tax Relief Day! On April 17th for one day only, we’ll be providing some much-needed tax relief by offering FREE incorporation bundles! This promotion is for our $49 incorporation package, and will be active between 12:01 AM and 11:59 PM. Just pay the state fees, and we take care of the paperwork for free!
Incorporating or forming an LLC is one of the best ways to help your company save on taxes, and helps protect your own personal assets, which makes filing on Tax Day perfect for your small business.
Your $49 incorporation bundle will include:
• An incorporation or LLC (with name check, document preparation and filing included)
• Free domain name from Network Solutions
• QuickBooks Simple Start
• Accountant consultation from 1800Accountant
• And more!
Questions? Call us at 1 (877) 692-6772 from 5 AM to 5 PM PST!
And help us spread the news online! Tweet us @mycorporation with the hashtag #myfree and visit us on Facebook!
MyCorporation, an Intuit Company, continues to help small businesses incorporate or form a limited liability company. Thousands of entrepreneurs are starting businesses every day, proving that in good economic times and bad, investing in entrepreneurship is always a wise choice. Small businesses are the foundation of our economy. And small businesses must create new jobs to help the economy recover.
Through tax day April 15th 2009, MyCorporation is offering a “stimulus package” for small businesses. The FREE Small Biz Pack includes a free Corporation or Limited Liability Company filing, a free trial of TurboTax Business, and more than 60 free Corporate Resolution contract samples. Plus, for a limited time, get a free download of QuickBooks Simple Start (no purchase required!!).
Visit MyCorporation.com or call 1-877-MYCORP-2 (1-877-692-6772) and mention code MYFREE to save $149. Offer expires 4/15/09. (Note: shipping, state fees, publication fees, and tax filing fees are additional).