Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...

Small Business Media and tapping into that vein can be a tricky and somewhat slippery slope unless you know some tricks of the trade.  Getting your message in front of the right audience is often the key to success.  So, where are the keys to the kingdom you ask and how can you get your hands on...

Entrepreneurs' Day 2016 on the 15th was outshined by politics, climate change discussions and so much more.  That is a real shame since small business is the backbone of this Country.

Entrepreneurs' Day - In my world it is Entrepreneurs' Day every day! I think, sleep and breath Entreprenuership...

Sponsors

Paid2Save Click or Call Bill Toth (716) 345-1888
If you could Travel more, Have Fun, and get Paid doing it, would you want to know more about it?
How Many Leads Does It Take To Close A Sale?
This Article is now live on our blog and I know could be very insightful for many. Read On
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
I Want To Buy a Business Opportunity or Franchise
Who are the types of people who buy a business opportunity or small franchise? According to people in... Read on
 
Resource Center > Article
Tax Breaks for Savvy Small Business Owners
3 Apr 13 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

This year’s tax deadline of April 15, 2013, is fast approaching, and many of you as business opportunity, franchise and other small business owners are in a last-minute crunch to report in to Uncle Sam on schedule. Just make sure you take some time to do your homework. Otherwise, you run the risk of missing out on a number of potentially lucrative tax write-offs, many of which the IRS would be all too happy to have you forget about, and here they are:

will-small-business-owners-get-a-tax-break-heroStartup costs—The costs of launching your own small business are considered capital expenses and can be deducted up to a certain amount.

Marketing—Virtually anything you do to build your customer base and your brand recognition—from business cards to sponsorships in your community and even your professional association dues—is tax deductible.

New equipment—Some small businesses may be able to deduct the full cost of some assets in the year they buy them, as opposed to capitalizing them. There is also a first-year bonus depreciation deduction in effect for this tax year.

Educational expenses—Any activity you engaged in this year to either maintain or improve your business acumen, including seminars, classes and convention fees, can be written off your taxes.

Home office—Just because the simplified home office deduction doesn’t kick in until next year doesn’t mean it isn’t worth getting this year’s write-off. If your home office is exclusively used for business, you need to do the math and get your due.

Mileage and similar expenses—Faced with either deducting your actual auto expenses versus mileage for business-related driving, go for the mileage. You will save more given gas prices are so high. Plus, don’t miss out on the opportunity to deduct such common expenses as business-related entertainment and meals. If you need to move for business purposes, the costs of doing so may also be deductible.

Thieves and deadbeats—Losses you incur as a result of either theft or money you are owed by others are also tax deductible.

Interest—The interest and fees you pay when you use credit to finance your small business purchases are tax-deductible, as is the interest on any personal loan you use for similar purposes.

Health insurance—If you provide your employees with health insurance, you need to look into taking the small-business health care tax credit. Studies show that only a fraction of small-business owners who are currently eligible to take it are doing so.

Tax prepAnd last, but certainly not least, the cost of doing your taxes—even if it means paying someone else to do it—is also a write-off, so make sure you keep track of any legal, professional or other associated costs, including do-it-yourself software programs.

For the most up-to-date information on preparing your taxes this year, go to the IRS’ Small Business and Self-Employed Tax Center now!

What other tax write-offs do you think small business owners often miss? Are there any resources you’ve found to be particularly helpful in preparing your small-business tax return? What secrets and tips can you share when it comes to efficient and affordable tax-return preparation? We’d like to hear from you…

Related Blog Posts
22 Nov 16 Posted by: Kevin James Culp
in Featured Articles

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...
21 Nov 16 Posted by: Kevin James Culp
in Featured Articles

Small Business Media and tapping into that vein can be a tricky and somewhat slippery slope unless you know some tricks of the trade.  Getting your message in front of the right audience is often the key to success.  So, where are the keys to the kingdom you ask and how can you get your hands on...

21 Nov 16 Posted by: Kevin James Culp
in Featured Articles

Entrepreneurs' Day 2016 on the 15th was outshined by politics, climate change discussions and so much more.  That is a real shame since small business is the backbone of this Country.

Entrepreneurs' Day - In my world it is Entrepreneurs' Day every day! I think, sleep and breath Entreprenuership...
17 Nov 16 Posted by: Kevin James Culp
in Featured Articles

Business Opportunity Blog- Chicago, IL—BusinessOpportunity.com, one of the most visited biz opp marketplaces on the web, announced today their new Sponsored Article Marketing service.

Business Opportunity Blog - Reach More People through the Biz Opp Blog! Business Opportunity Blog...
16 Nov 16 Posted by: admin
in Featured Articles

How to Pinpoint the Weaknesses in Your Company - Nobody likes to think about what is going wrong in their company or what their weak points may be. This is why when employees are asked to perform a SWOT analysis, they go to great lengths to mention the company strengths and minimize the flaws.

 
   

SocialXpand Business Opportunity Interview w/ Brian Weiss was for me a new way to learn from a customer and whom I consider a friend in the industry.

I've had the opportunity to work for a while now with Brian Weiss who is the Director of Sales for the
Video Spotlight

If you could Travel more, Have Fun, and get Paid doing it, would you want to know more about it?

Premium Sponsor