The small business tax world offers many benefits. Software programs and other subscriptions that you have for your business DO apply as deductions to your business expenses.
Originally, the cost of software and other such subscriptions had to be deducted only through depreciated cost over a full three year period. Now, Section [...]
From the category archives:
Tax Saving
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 [...]
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 [...]
Most businesses miss a handful of donations that are quite common. Just take a look around your office and you may find some that are considered write offs. On your desk, you may notice your bank statement for your business. Take a look at it. Those fees on there are able [...]
Did you know that many of the costs of advertising your business are tax deductible? There are hundreds of ways to advertise of course, so does that mean that you can deduct just about anything and get the tax benefit from it?
Be careful here. In order for something to be considered a tax write [...]
It is often the case that needs, styles and function change in the workplace. If you have invested heavily in computers that are now outdated and you want to get something back from them, consider upgrading to a new computer, and filing it as a deduction.
Consider giving your old furniture, computers or other tangible [...]
