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.

Counting gifts towards medical expenses.
A buy/sell agreement can be a valuable estate-planning tool for business owners.
At which point do I have to pay self-employment tax?
For parents and grandparents, a basic tax strategy is to transfer income-producing assets (e.g., cash, stock, real estate) to the young ones. The subsequent income is generally taxed at the child’s low tax rate, rather than the elder’s higher one.
How can you give your struggling company a shot in the arm to generate a much-needed growth spurt? It takes money to make money, but things often aren’t that simple.
Sometimes, you come out ahead in the tax world by going against the grain. Take depreciation deductions, for example.
How would you like to leave your grandchildren a legacy that will make them millionaires several times over? It can be done relatively easily, and you don’t have to be in the class of Donald Trump or Bill Gates, either.
If you’re a high-end taxpayer with a low tolerance for tax pain, you’d be wise to check out a new mutual fund product from Wall Street.
It happens more often than you may think: A bank notifies a small business owner that the IRS or the state is levying his bank account in connection with a corporate entity he stopped using years ago. How can that be?
If your company is among the 80 percent of U.S. businesses that lease office equipment and furniture rather than buy it, you already know the benefits of leasing. But do you know the hidden pitfalls that can drive up your leasing costs?