How to Reduce Your Small Business Tax Bill
Inc. Magazine
December 1, 2009
By Elizabeth Wasserman
A look at helpful year-end tax tips, advice on making smart elections, and good tax resources for the small business owner.
In life, it's said that two things are certain – death and taxes. But in business there's only one certainty: taxes. Tax obligations go hand-in-hand with running a business. From the federal government on down to city hall, you need to be aware of which taxes your business needs to pay, how much in taxes you owe, and when you need to file. Make a mistake and your tax bill grows. At the same time, if you plan ahead, take the right available deductions, and prepare your tax returns properly, you can save on the amount of taxes your business must pay.
