Now that taxes are done for 2009, you may want to just put it all behind you and not worry about it again until next year. However, tax savings are a year-round opportunity. Businesses should work to maximize tax savings all year long so that next tax season is a good one.
There’s no time like the present to think about saving on taxes. Business tax deductions you should consider include the following:
The IRS states that any “ordinary and necessary” business expenses can be subtracted from your business income prior to being to taxed. The general rule is that as long as the expense is made for business (not personal) purposes, you can deduct it from your business income.
To ensure that you don’t miss large deductions that could save you a great deal of money, it is wise to consult with an income tax professional. If you require professional assistance, we’re pleased to connect you with our network of professionals. Click here to submit your request and you will be connected with CPAs in your area.
Can you believe it? It’s almost the end of the year! 2024 has flown by…
There has been a lot of buzz about BOI (Beneficial Ownership Information) and what it…
Many businesses make the mistake of trying to look bigger than they are, sound more…
With inflation and interest rates higher than normal, small business owners watched this year's election…
When the economy isn’t doing as well as you’d like, you lose a client or…
Social media is one of the biggest topics in business. It seems like every day…
View Comments
Awesome post. The thing I really like about my own seo business, and yes it is not the same for everyone, is the time freedom, what is yours?
You've got truly a awareness individual posting style and present really facts. The articles are great to read and you don´t use ton of ads like every one of the other bloggers.