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.

Watch out for deductions that fall through the cracks. Here’s a list of out-of-the-ordinary deductible business expenses you might overlook.

Nobody’s perfect, but any mistakes you make on your tax return can come back to haunt you in penalties, interest and missed opportunities. What are the 10 most common errors? Here’s what the tax pros say.

Q. I’m self-employed and use my personal cell phone mainly for business and charitable functions. Can I write off the cost?

If you’re buying an SUV for your business this year, you might be able to sidestep a major tax roadblock to bigger depreciation deductions. A new IRS ruling appears to extend a narrow tax law exception to more vehicles.

Undoubtedly, you want to make things as easy as possible on your heirs, from both a financial and emotional standpoint. Strategy: Investigate the idea of using a “funeral trust,” which you fund ahead of time to help pay for future funeral costs. And a funeral trust may benefit from a special tax election.

Consider the tax implications of business insurance. You might want to adjust your policies—or secure new ones—to ensure that you maximize the tax benefits.

If your child is in college, he or she may be planning to move off-campus at some point. At the same time, you could be looking to buy real estate to shelter your income. Here’s how to kill two birds with one stone.

The economy may be shaky, but employee confidence that their paychecks are accurate remains firm, according to the National Payroll Association, which recently conducted a “Getting Paid in America” survey.

Faced with rising costs, Quality Environmental Professionals Inc. scrambled to find ways to cut costs without laying off staff. But when the CEO tried to cut into the doughnut budget, employees balked. Employees offered to work an extra hour or two each week to ensure the continued flow of doughnuts ...

Making a large donation to your favorite charity? You don’t necessarily have to give a cash gift. Instead, you might donate shares of stock in your portfolio. But there’s a “wrong way” and a “right way” to do it.