As a small business owner, you probably go through plenty of office supplies. Things like paper for the printer, pens to keep on your desk and even the endless amount of paper clips that you keep in your drawer are all likely tax deductions.
Office supplies qualify as long as they are purchased to actually be [...]
Beware. Those that mess with the IRS are the most likely to find themselves in financial trouble, eventually. One of the smartest tax considerations for any small business owner is to stay legitimate. Do not try to cheat the IRS by making deductions that are truly personal expenses on your business account. Don’t reduce the [...]
Tax professionals are the first to tell you that the best way to not pay taxes is to plan not to pay taxes. Start planning on January 1st (or wherever you are right now) on ways that you can save your taxes. This includes everything from planning your expenses properly to keeping those receipts handy. [...]