Small Business Tax Strategies

Paying estimated tax in regular installments can be a tricky proposition, especially for corporations. But now that the dust has settled for the 2005 tax year, you may have run the numbers and found that your company overpaid its estimated taxes.

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Here’s the ultimate question for retirement-savers: Which type of plan is better— the traditional 401(k) plan or the new Roth 401(k) version?

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Employees who are more physically fit are often more productive and less of a burden on your health-insurance plan. You can do your part by providing incentives to employees (including the top echelon) to exercise or pursue recreational activities.

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Should we pay taxes on equipment purchased for a failed business?

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Suppose one of your relatives—perhaps a favorite nephew or niece—needs money to help finance a new business. Naturally, you’d like to help out if you can. However, at the same time, you don’t want to “give away the farm” without any assurances.

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Does your small company sell products or services over the Internet? If so, make sure you enter the vast world of cybersales with your eyes wide open. Specifically, be aware that you could be responsible for collecting sales tax from online sales.

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Can I deduct parking tickets as a business expense?

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Should I worry about the IRS auditing me because I claim home-office deductions?

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Do I need to file a tax return for my infant daughter if we have money and mutual funds in her name?

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Are you sitting on a potential small fortune in stocks or real estate? Or maybe you own a business interest that you’re planning to sell at a tidy sum. You’ll have to pay the tax piper one way or another through income tax, estate tax or gift tax … or some combination of all three.

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