When preparing for your business taxes it is always important to stay on top of the current changes, here are a few. Standard Mileage Rates The rate for business miles driven is 53.5 cents per mile for 2017, down from 54 cents per mile in 2016. Section 179 Expensing The Section 179 expense deduction was […]
2017 Tax Changes Checklist for Businesses Read More »
There are a number of end of year tax planning strategies that businesses can use to reduce their tax burden for 2016. Here are a few of them: Deferring Income Businesses using the cash method of accounting can defer income into 2017 by delaying end-of-year invoices so payment is not received until 2017. Businesses using
Year End Planning for BUSINESS Tip #1 Read More »
Tax time is here again, and while individuals have until April 15 to get organized and file, the deadline is much sooner for some of the paperwork required for small businesses. The most common requirement for businesses is the W-2, which is needed for all paid employees and must be in the mail by January
1099 MISC Small Business Filing Requirements for 2012 Read More »
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