Company cars are an expensive investment, but they’re also a perk that’s highly valued by key members of the team. If you’re thinking about providing employees with a vehicle through your company then it’s important that you think carefully about the most tax-efficient and cost-effective way to do …
Taxes Articles and Interviews (tag)
How to Use Business Write-Offs to Your Advantage
With April 15th just passing, it’s a great reminder that, as small business owners, we need all of the tax advantages we can get if we want to raise our bottom line. And while I’m more than happy to pay my fair share to Uncle Sam, I also don’t want to pay more than I have to. So the question is: …
Small Business Tax Deductions You Need to Consider
When you run your own small business, you are always looking for new money-saving strategies to boost your bottom line. One of the ways you may be leaving money on the table, however, is by not taking some of the tax deductions for which you are eligible. This oversight is easy to do because the …
4 Factors to Consider Before Purchasing or Leasing a Vehicle Through Your Small Business
There are times when buying or leasing a vehicle through your small business is a must. After all, it’s pretty hard to make your flower shop deliveries or show your real estate clients homes without a set of wheels. The same holds true if you own a service-based company—such as one that specializes …
How You Can Avoid a Tax Audit for Your Small Business
It is the stuff of nightmares. An official looking envelope arrives in your mailbox announcing that your small business is going to be audited. Then an austere-looking man wearing a dark suit and holding a briefcase shows up at your office asking to see all your receipts, wanting to look around and …
Fiscal Year or Calendar Year? What is Right for Your Small Business?
Business name. Location. Equipment. Logo. Hiring choices. When you launch a small business, you are inundated with decisions and choices to make. One of them you may need to know more about is choosing the tax year for your business. The Internal Revenue Service requires you to operate your …