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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The clock will soon strike midnight on New Year’s Eve. But you still can make a few tax moves before then to cap off a tax-saving year.
You probably contribute your fair share to charity. In fact, you might make some last-minute donations to boost your charitable deductions for 2006.
Instead of discarding old items, you might try to sell them on eBay or similar Web sites. After all, one person’s trash is another person’s gold.
If you thought bonus-depreciation deductions for businesses have been completely wiped off the books, think again.
Acquiring a competing S corp as a subsidiary.
Is it a strict requirement to keep a log for your laptop if you're self-employed?
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?
Congress could revive certain favorable tax provisions that officially expired at the beginning of the year.
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.
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