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.
Benefit: Save HR time and cut your administrative costs.
Action: Look into the ...
its employees $5,000 toward the purchase of gas/electric hybrid vehicles, such as the Toyota Prius or Honda Insight. The 1,500-employee company budgeted ...
Victorious plaintiffs in discrimination cases can now ...
Q. My parents want to give my sister and me $150,000 each to help pay for our children's college expenses. (My sister and I have a total of five kids.) But the gift would come in the form of stock shares. Won't we owe a lot of tax when we sell the stock? And won't my parents have to pay gift tax? Is there a better way to handle this?
Q: In the past few years, I've used my personal car for business about 75 percent of the time. Now, I'm going to buy a new car and will probably trade in the old one or sell it privately. Can I still get a depreciation deduction for the old car this year? M.C., Manchester, N.H.
Suppose you're in the market for a new business vehicle. You go down to the local showroom, kick the tires and try to wrangle the best deal. Normally, the dealer will agree to a trade-in value for your old car that reduces the cash you have to lay out for the new one.
Medical costs continue to skyrocket. What's a small business owner to do?
In most cases, fringe benefits provided to company bigwigs are exempt from tax only if they are offered to everyone.
If you run a small company, it's hard to squeeze in enough exercise time during the week.