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.

How do you figure the amount available for a partial exclusion? Multiply the available exclusion by the appropriate ratio.
Writing off car damages from a trip acting as director on the board for a charity.
Does it still make sense to use home-office deductions if the IRS is cracking down?
Second audits can go differently than the first
Are you planning to sell your business soon? Your huge payday could turn into a huge capital gain. But you can reduce your resulting tax bill, provide for a comfortable retirement and help out a favorite charity in one shot.
A number of states and localities are expanding the definition of “public nuisance,” putting many more small businesses at risk.
Guidelines for vacation home deductions
Used judiciously, instant messaging (IM) allows your business to cut down on long distance charges, conduct real-time interaction with clients, and host chats and conferences with vendors. But used without guidelines, it can hamper productivity, embarrass you and even jeopardize your company’s trade secrets.
Seventy-seven percent of small businesses aren’t prepared for a natural disaster, and 84 percent don’t worry about being the victim of one within the next 12 months, a recent survey by MasterCard International indicates.
Under the “wash sale” rule, you can’t deduct a loss from the sale of a security if you acquire a substantially identical security within 30 days of the sale.