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7 Ways Small Business Owners Can Reduce Their Tax Bill
You can reduce your tax obligations as a small business owner through several potential money saving opportunities. Read more…
How to Get a Small Business Loan and Navigate the Tax Implications
Small business loans like the SBA 7(a) loan can be a crucial lifeline for your company. But how do these loans affect your taxes? Read more…
Standard Mileage vs. Actual Expenses: Getting the Biggest Tax Deduction
The IRS offers two ways of calculating the cost of using your vehicle in your business: 1. The Actual Expenses method or 2. Standard Mileage method. Each method has its advantages and disadvantages, and they often produce vastly different results. Each year, you’ll want to calculate your expenses both ways and then choose the method that yields the larger deduction and greater tax benefit to you. Read more…
Starting a Business
When you start your own business, knowing the income tax implications of your decisions can save you money and headaches. Learn about paying estimated income taxes, keeping track of expenses and how to take a tax deduction when you use your car for business. Read more…
Business Use of Vehicles
If you use vehicles in your small business, how and when you deduct for the business use of those vehicles can have significant tax implications. It pays to learn the nuances of mileage deductions, buying versus leasing and depreciation of vehicles. Special rules for business vehicles can deliver healthy tax savings. Read more…
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