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Strange… But True Small Business Tax Deductions

The 2009 tax season may have come to an end. But now that all the dust has settled and those tax returns have been spent, its time to begin thinking about 2010… To get you started, take a look at these strange, but true attempts individuals have made to reduce their tax burdens. And yes, [...]

Five Smart Uses for Your Tax Refund

As the economy continues to sour, many are giving extra thought to how they will spend their tax refunds. The question of where to allocate this “additional” cash is all the more weighty for the growing population of people who are either self-employed, unemployed, or in transition. So what is the best use for your [...]

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Stop Overpaying On Your Overhead Expenses!

Do you know that you may be paying too much for many of your overhead expenses? Here are 12 simple ways that small businesses can save a significant amount of money on some of the most common operating costs: 1. Cell phones and business credit cards Cell phone plans and credit card options can vary [...]

The $787 Billion Recovery Package: How Can Small Businesses Benefit?

After all the politicking, President Obama finally signed into law last week the $787 billion recovery package designed to give a much needed boost to the U.S economy. Contained in the hundreds of provisions and over 1,000 pages of this bill are many opportunities for small businesses. You just need a little patience to sift through it [...]

How to Legally Avoid Paying Business Taxes

Many small business owners are unknowingly paying more than they have to towards their federal taxes!  Much of this has to do with either ignorance or confusion regarding what can and cannot be deducted. If you are looking the maximize your tax deductions this year, then consider the following recommendations. Please note, however, that the [...]

How to Fund 2007/2008 Tax Year Expenses

As 2007 comes to a close, many small businesses are looking back on the year, and planning for the next tax year. How many of us are asking:  “When should I add my major expenses?  Does it make sense to make large purchases in 2007 tax year, or should we tack it on to 2008 [...]

End of Year Tax Questions in a Slow Economy

An interesting thing that many small business owners are thinking about as December begins the end of the year: taxes.  Now, I know that is not exactly an odd thing to think about near the end of the year - but as a recent tax-related article I read pointed out, this year is different.  Why?  Because [...]