Category: Business Tax

Why Year-End Tax Planning Matters for Small Businesses

Why Year-End Tax Planning Matters for Small Businesses

The year-end is already hectic for many businesses. Trying to finish up your bookkeeping and handling year-end tax planning can seem like something that can be pushed back. Try not to.  Smart tax planning in the final months of the year can save your business money and prevent headaches during tax season. When you wait until the filing deadline approaches, you may miss opportunities to reduce your tax bill and risk making costly mistakes. Taking time now to review your… Read More
How Do Tax Write-Offs Work for Small Businesses

How Do Tax Write-Offs Work for Small Businesses

Spend an hour on social media watching videos about small business tax deductions and  you’re likely to walk away thinking your small business can get a tax-write off for anything: your home, car, meals, clothing, and all kinds of other expenses.  Reality doesn’t always line up with the hype though, and in this case it can be very expensive to take bad advice.  Tax write-offs can be very valuable to small businesses by reducing the total amount of tax you… Read More