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.

The personal computer (PC) has become part of the average American household. But if you’re self-employed and you use your PC extensively for business, you can lose valuable depreciation deductions by allowing family members to use it.
In short, the first $5,250 of expenses you pay on behalf of each participating employee is tax free. It doesn’t matter whether you reimburse employees for their expenses or pay the fees directly to the school.
More former business owners can rest easy in retirement. Here’s why: Congress is expected to protect ex-partners of former partnerships from having states pursue them for back taxes.

If you fall prey to a natural disaster or some other casualty—including theft—you may be able to write off some of your financial loss. And with the right tax moves, you’ll get an even bigger deduction.

The personal computer (PC) has become part of the average American household. But if you’re self-employed and you use your PC extensively for business, you can lose valuable depreciation deductions by allowing family members to use it.
Once you’re into middle age, you should start socking away as much for retirement as you possibly can.
Within a few weeks, the kids will be back at school. But they’re not the only ones who can benefit from education. Your employees might need some extra training to stay sharp.
Hurricanes, floods and tornadoes grab all the headlines, but they aren’t the only events destroying personal property. Your home, for example, may be damaged by water pipes bursting or your car could be totaled in an accident. Those occurrences are also covered under the tax rules for personal “casualty” loss deductions.
Owning two or more cars costs more than owning one, right? Well, here’s a way that you can make your status as a two-or-more-car family pay off.
Tax deductions on mortgage interest on an investment property