Do you only think about your business taxes once a year? If so, you could be doing yourself and your business a disservice.
It’s a temptation for most small-business owners to breathe a sigh of relief when taxes are paid for the year and then forget about the whole thing until the next estimated taxes payment is due. This can be a costly mistake.
Think of taxes as a yearlong event, not a once-a-year event. This gives you the opportunity to continually review tax strategies, discover additional potential deductions, adjust business operations from a tax standpoint and keep abreast of tax changes that could affect your planning. Most important perhaps, it reduces the chances of dreaded “surprises” when tax time arrives.
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Tools You Can Use
If you´re a small business owner, you probably have an idea of how taxes can affect your business. But unless you´re a tax expert, you might not realize all the ways a small business can benefit from both new and current tax laws. Let small business and tax expert Barbara Weltman show you—as a small business owner—how to maximize deductions and reduce your payments to the minimum. Click here to get your copy of Small Business Taxes.
The Ultimate Guide to Running a Tax-Efficient Home-Based Business — The advantages of operating a home-based business are countless, but what many owners don´t realize, and are often not prepared to handle, are the host of complex tax issues surrounding a home-based business. Click here to get your copy of Taxes Made Easy