Small Business Tax Deduction Strategies

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.

Two new tax laws passed this year —the Tax Increase Prevention and Reconciliation Act (TIPRA) and the Pension Protection Act (PPA) — have added a few new wrinkles to the mix.
Despite conventional wisdom, year-end planning isn’t just for personal tax savings. Your business can do plenty between now and Dec. 31 to cut its tax bill.  Nine tips:
You can make some tax-wise choices in your financial affairs to improve the outlook for this year and future years. Here are several ideas.
Expect Congress to return after Election Day for a lame-duck session that could revive certain favorable tax provisions that officially expired at the beginning of the year.
Can you believe it’s practically November already? With the end of 2006 approaching fast, it’s time to cash in on some unique taxsaving opportunities that won’t be available come Jan. 1.
Nine tips on how to save on personal taxes
Suppose your company bought a building many years ago for $1 million and has depreciated it down to zero. The building and the land it sits on are currently worth $2 million. You want to expand your product line, but you need some cash to do it.
Cutting down on business driving
One provision in the new Pension Protection Act of 2006 could prove a godsend for certain charity-minded taxpayers with plenty of IRA funds at their disposal.
Can you deduct the cost of gasoline tax?