Tax Tips for Small Business Owners

Tax Tips for Small Businesses

Preparing to file your taxes can be a huge pain, but it doesn’t have to be with the help of some credible tax services . Twenty dollars and a little planning can make all of the difference. If you are working for yourself, this is for you. I have two small business that I run from home , which lets me maximize my deductions and my personal taxes. This also made me “a good test case” for the IRS. Yep, after being audited for six months I can attest that my method works.

Are you ready to get organized and get the most from your return?! First, begin by outlining what you need to get together for your accountant in a cheat sheet that can be edited and used every year.  If you are not sure, make an appointment with your accountant and ask. This helps to double check that you remember all of your deductions and information you need to supply. These are some general ideas for main tabs for personal and business taxes together, and you can download my worksheet here.