Tags » Small Business Taxes

How Health Savings Accounts Can Put Money Back in Your Pocket

Is your business taking advantage of one of the least utilized and most misunderstood elements of the tax code?

During this online webinar replay, SCORE Mentor Dick VerEecke will discuss how a Health Savings Account can shelter some of your income and reduce your taxes.  111 more words

Small Business

Self Employed: Don't Miss the Health Insurance Deduction

If you are self-employed you may be eligible to deduct costs associated with premiums for medical, dental, and certain long-term care premiums.  Premiums paid for yourself, spouse, dependents, and certain non-dependent children under 27 are eligible for this deduction. 515 more words

Tax Deductions/Benefits

Lean Wednesday Tip: Tax deductible Holiday Expenses

“Employee parties/outings, public entertainment and charity events are 100% deductible.”

Business

SIMPLE IRA Plans for Small Business

Of all the retirement plans available to small business owners, the SIMPLE IRA plan (Savings Incentive Match PLan for Employees) is the easiest to set up and the least expensive to manage. 884 more words

Accountant

The Sharing Economy and Your Taxes

Uber, Lyft, Airbnb, Etsy, Rover, TaskRabbit. If you’ve used any of these services–or provided services for them to others–you’re a member of the sharing economy. 1,185 more words

Accountant

Lean Wednesday Tip: C Corporation Tax Savvy

“C Corporations realize more tax savings when they lease instead of buy assets.”

Business

Taxes: Depreciation Categories

When buying assets it is important to know the best way to purchase and depreciate to take advantage of tax loopholes. Capital expenses usually include the following assets: buildings, cell phones, computers and software, copyrights and patents, equipment, improvements to business property, inventory, office furnishings and decorations, small tools and equipment, vehicles and window coverings. 110 more words

Business