Small Business Tax

Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?

Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.

While some view the home-office deduction as audit bait, you’ll withstand any IRS scrutiny if you know and follow the home-office deduction rules. In this Special Report, we’ll explain those rules in plain English and show you how to earn bigger and better deductions without getting off the living room couch.
Many people contribute to their IRAs at the tax return deadline. But why wait?
If one of your parents or in-laws is suffering a financial pinch, you might chip in with part of the rent or some other expense. In return, grandma or grandpa happily volunteers to watch your children after school while you work. Unfortunately, you can’t claim a dependency exemption for this trade-off if your relative’s earnings rise above the gross-income test for dependents.
If you’ve considered switching your business to an S corporation but have been ineligible in the past, it’s time to take another look. Why? A 2004 tax law opened up S corporation status to a whole truckload of previously disqualified small and midsize businesses, and it paves the way for your S corp’s future expansion without forfeiting any tax breaks.
Put your tax-return preparer in the best position to help you. You’ll save time and money by following these five steps before you meet with your preparer this year.
The most successful business Web sites are those created around the customers’ needs, not the company’s products and services. Here are 10 tips for creating a successful, customer- focused Web site, from Tiffany Shlain, founder of the Webby Awards, which annually honors the top Web sites.
Maybe you can chalk that up to the old “fivefinger” employee discount. Two-thirds of respondents to a Vault.com survey said they’ve taken office supplies from their workplace.
Can I deduct parking tickets as a business expense?
Should I worry about the IRS auditing me because I claim home-office deductions?
Do I need to file a tax return for my infant daughter if we have money and mutual funds in her name?