The very last thing you want as a business owner is to be on the bad side of the IRS. You don’t want those guys calling, you don’t want them knocking at your door and you certainly don’t want them rooting around in your deductions. To keep the tax man/woman/person at bay, it helps to follow the proper tax laws from the get go. Check out our blog for some important tax tips for first time business owners before your first tax season.
tax tips
10 Home Based Business Tax Tips
Filing for taxes for your home business is a little more difficult then filing your own personal tax. On one hand, an employer provides a nice little W2 and on the other, you may be able to cut more taxes for your home business. As a business owner you should always consult a CPA to make sure you are not stepping outside the rules, which will save you money in the long run. Do you have any tax tips to offer?
2013 Tax Tips for Year-End
Anyone who has been paying taxes long enough will tell you that it is never a bad idea to talk to a tax professional about your unique tax situation. While it is not your job to stay on top of changes to tax laws and cost-basis reporting rules, it is theirs, which can save you time and money in the long run. Do you have any tax advice to share with other business owners or maybe a CPA to refer for year-end questions?