Tax Strategies for Business Owners

Tax Planning For Small Business Owners

Tax planning is the process of looking at various tax options in order to determine when, whether, and how to conduct business and personal transactions to reduce or eliminate tax liability.

Many small business . . .

One of the biggest hurdles you’ll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of flux making . . .

Don’t overpay your income taxes by overlooking expenses which you are entitled to deduct. Use this Financial Guide to ensure you are handling your business travel and entertainment costs in a tax-wise manner.

Table of Contents

Travel Expenses . . .

Table of Contents

1. IRA Funding Trick
2. Determine the “Best” Retirement Plan for You
3. Make Your Landlord Pay For Improvements
4. Deduct Home Entertainment Expenses
5. Deduct Holiday Gifts Without Receipts
6. Deduct Your Home Computer
7. Have . . .

Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”. To qualify for a home office deduction you must meet . . .

How would you like to legally deduct every dime you spend on vacation this year? This financial guide offers strategies that help you do just that.

Tim, who owns his own business, decided he wanted to take a two-week . . .

The decision as to which type of business organization to use when starting a business is a major one. And, it’s a decision to be revisited periodically as your business develops. While professional advice is critical in making this . . .

According to the US Small Business Administration, small businesses employ half of all private sector employees in the United States. However, a majority of small businesses do not offer their workers retirement savings benefits.

If you’re like many other . . .

Several different types of retirement plan – 401(k), defined benefit, and profit-sharing – can be made to suit a prosperous small business or professional practice. But if yours is a really small business such as a home-based, start-up . . .