Estimated Tax Tip Savings: Depending on your cash flow and needs for supplies and equipment, these five year-end tax strategies can easily enable your business to cut its 2014 tax burden by $1,000-$5,000 or more.
The IRS giveth and the IRS taketh away. While some small-business owners hesitate to be aggressive in claiming tax deductions, you should know that the IRS is aggressive in both its claims on your hard-earned dollars and on the tax advantages it extends to small businesses. If you’re going to pay what you owe the IRS, you should also take what the IRS owes you!
That’s why we recommend that you put these five powerful tax-reduction strategies at the top of your list as you begin year-end tax planning. If you know a few inside tips for executing these claims safely, you’re going to love the savings—potentially anywhere between $1,000 and $5,000 or more. Good news: they’re easy to understand and implement!
But the very best news is that every business deduction in this article is even more valuable... Log in to view full article.