Making sure you account for every single legitimate tax deduction can save your small business a ton of money. It just takes the time to look into all of the tax laws with the IRS to know which deductions are Ok and which ones are not. Can you add some great tips below on tax deductions first time small business owners may not know about?
Starting A Business
If you own a small business and are relocating or trying to figure out what type of liability you should have for your business entity then these 10 most frequently asked questions are perfect for you. Do you know any other important information to share with our readers below that will make any business incorporation questions easier to decide on?
Among the many decisions that you are required to make as a new business owner, one of the biggest is the choice whether or not to incorporate. Incorporating your business isn’t completely necessary, but it is fitting in certain situations. Most business owners start out as a sole proprietorship or partnership and that suits their needs just fine; but business incorporation can still be an option somewhere down the line.
There will not be many tax surprises this year due to to laws like the American Taxpayer Relief Act of 2012 that keeps the laws the same as well as previous extensions and policies. Even without surprises their are still a few traps that you will need to watch out for this year. Are you ready for tax season?
There are a lot of people who don’t stick with their original business name due to various reasons. Some might be too wordy or not catchy, which fails to grab peoples attention. The goal when naming your business is to find the perfect balance between being attention grabbing and providing enough but not too much information. After reading this article, do you feel you have received some decent insight on what mistakes not to make when selecting a name for your business?