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.

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Being “average” is OK, especially when it comes to tax deductions.

Set up a company dependent care assistance plan. If you meet certain requirements, the IRS treats the first $5,000 in assistance paid to an employee as a tax-free fringe benefit.

White Paper published by The HR Specialist ______________________ The Americans with Disabilities Act (ADA) isn’t an open-ended demand that employers do whatever is necessary to accommodate workers with disabilities. The law requires employers to make “reasonable” accommodations to allow a disabled worker to perform the essential functions of his job. The key question: What is […]

Got a long-standing beef about taxes? The IRS is encouraging business taxpayers to point out the flaws in the system.

Q. The political campaigns are heated up for 2008. Can I get a deduction if I make a contribution this year?

If you’re a procrastinator, you might wait until the last minute to file your personal tax return. Perhaps you’re delaying the inevitable because you figure that you’ll owe a hefty tax bill. You still can cut your tax bill at this late date. Here are seven strategies:

Due to the personal casualty loss limits, it’s unlikely that you will be able to deduct any repair costs if your spouse damages his or her car this winter. Start using the damaged car for business driving. Then you can claim a casualty loss for the car, even though your spouse was using it personally at the time.

In the Tax Relief and Health Care Act of 2006, Congress threw a bone to alternative minimum tax (AMT) victims who’ve been granted incentive stock options (ISOs). Crazy as it seems, you might think about retiring to truly benefit.

Q. I work for a nonprofit agency, and we plan to start using an agency credit card. But we also need a policy that covers who can use the card and when, plus some other things I haven’t thought of yet. What should the policy include? —M.M., Pennsylvania

Q. We want to start a policy that would deduct the cost of tools from employees' final paychecks if the tools aren't returned or if they're returned damaged. Can we legally do this? —M.P., Kansas

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