If you’re self-employed and use your car for business, you can deduct certain business-related car expenses. Continue reading
Deducting Business-Related Car Expenses
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Tag Archives: business tax planning
Recordkeeping Tips for Small Business Owners
The key to avoiding headaches at tax time is keeping track of your receipts and other records throughout the year. Whether you use an excel spreadsheet, an app, an online system or keep your receipts organized in a folding file organized by month, good record-keeping will help you remember the various transactions you made during the year. Continue reading
Choosing a Business Entity
When you decide to start a business, one of the most important decisions you’ll need to make is choosing a business entity. It’s a decision that impacts many things–from the amount of taxes you pay to how much paperwork you have to deal with and what type of personal liability you face, and with the passage of the Tax Cuts and Jobs Act of 2017, it’s more important than ever to choose the business entity that benefits your business. Continue reading
Year-End Tax Planning Strategies for Businesses
There are a number of end of year tax planning strategies that businesses can use to reduce their tax burden for 2017. Here are a few of them: Continue reading
