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.

Congress could revive certain favorable tax provisions that officially expired at the beginning of the year.
I have a pickup truck that I initially used for personal driving. If I use the truck for business now, do I figure deductions based on the original cost?
I own a vacation home at the beach. If I donate the use of the place to a church — maybe to be used in a raffle — can I deduct the contribution’s value?
Will your child be off from school for an extended time at the year-end … and looking to earn some extra cash? Put your teenager on the payroll.
The SBTS 2007 Tax Calendar
Figure taxes into the equation before you sign the papers for a new business vehicle.
Here are some of the most common technical adjustments and tax preferences under the Alternative Minimum Tax (AMT).

Wouldn't you like to get away to a tropical paradise this winter? If you sign up for a convention relating to your industry or profession, you can have Uncle Sam pick up part of the tab. As long as business is the trip's primary purpose, you can write off all your convention expenses. It's like a tax discount on the trip.

Don't plan on deducting use of a vacation home made as a donation
Premiums paid by a company for LTC insurance are exempt from income tax