Small Business Tax Deductions - Business Exchange Most Active Articles 2009-11-24T02:37:46.110-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:small-business-tax-deductions Colleen DeBaise cdebaise508 Five Tax-Time Audit Red Flags For Small Business urn:com:businessweek:bx:article:5848168111819957391-5101dea94ea5f58a9feafb60075d79b5 2009-03-27T15:05:41.835-04:00 Ahead of the IRS issuing its annual "Dirty Dozen" list of the most egregious tax schemes and scams, accounting firm BDO Seidman has kindly prepared a primer for small business owners on audit red flags. Ahead of the IRS issuing its annual "Dirty Dozen" list of the most egregious tax schemes and scams, accounting firm BDO Seidman has kindly prepared a primer for small business owners on audit red flags. The New Entrepreneur http://www.businessweek.com/smallbiz/running_small_business/archives/2009/03/five_tax-time_a.html Colleen DeBaise cdebaise508 390 390 0 0 Top 9 Confusing Business Deductions urn:com:businessweek:bx:article:7536971804652633877-30010950b02545836f38174475de696f 2009-03-11T13:17:59.817-04:00 It’s tax time, which means almost 21 million self-employed people are preparing to fill out their tax returns, including Schedule C: Profit or Loss from Business. Should be pretty easy - just enter how... It’s tax time, which means almost 21 million self-employed people are preparing to fill out their tax returns, including Schedule C: Profit or Loss from Business. Should be pretty easy - just enter how... business-opportunities.biz http://www.business-opportunities.biz/2009/03/10/top-9-confusing-business-deductions/ Dane Carlson dcarlson281 321 321 0 0 Hidden Tax Tips for Entrepreneurs - BusinessWeek urn:com:businessweek:bx:article:13725028168217916484-247f6975af1941d4e184f9e06195c8c0 2009-02-18T05:08:00.000-05:00 Are you missing tax deductions you're entitled to? Small business owners, self-employed workers, and independent contractors can write off many legitimate business expenses immediately, reducing the amount of income on which they pay taxes. But if you Are you missing tax deductions you're entitled to? Small business owners, self-employed workers, and independent contractors can write off many legitimate business expenses immediately, reducing the amount of income on which they pay taxes. But if you BusinessWeek http://c.moreover.com/click/here.pl?r1826568936&f=9791 336 336 0 0 How to Use the New Small Business Operating Loss Deductions urn:com:businessweek:bx:article:13011853808140861685-97b6f17dcd7033776877c8405e8319e3 2009-03-19T13:04:11.732-04:00 As you may know, the economic sitmulus law passed in February includes key provisions that allow struggling small businesses to re-file their taxes to carry back net operating losses (NOLs) up to five years. Result: Qualifying small businesses with losses can get immediate refunds of income taxes paid in prior years. But how, exactly, does it work? There are decisions and deadlines you have to make. For an expert view on how to take advantage of this stimulus bill tax break for small business, we’re including a guest post below... As you may know, the economic sitmulus law passed in February includes key provisions that allow struggling small businesses to re-file their taxes to carry back net operating losses (NOLs) up to five years. Result: Qualifying small businesses with losses can get immediate refunds of income taxes paid in prior years. But how, exactly, does it work? There are decisions and deadlines you have to make. For an expert view on how to take advantage of this stimulus bill tax break for small business, we’re including a guest post below... whatworksforbusiness.com http://www.whatworksforbusiness.com/2009/03/how-to-use-the-new-small-business-operating-loss-deductions/ Daniel Kehrer dkehrer628 243 243 0 0 5 retirement plans for small business owners urn:com:businessweek:bx:article:370536488282755027-d1a0f5f2af259e20d6986a2cd6d36c5f 2009-10-30T10:38:23.259-04:00 Christian Personal Finance http://www.christianpf.com/5-small-business-owner-retirement-plans/ Bob Lotich blotich640 11 11 0 0 The Stimulus' Key Small Business Tax Provisions urn:com:businessweek:bx:article:3941885671234239091-9f8c49a3f5da499ec9996e80a0287a68 2009-02-20T20:54:35.656-05:00 stimulus bill signed into law by President Barack Obama on Feb. 17, formally known as the American Recovery & Reinvestment Act, provides $288 billion in tax relief to individuals and companies. But how much of that will benefit small business... stimulus bill signed into law by President Barack Obama on Feb. 17, formally known as the American Recovery & Reinvestment Act, provides $288 billion in tax relief to individuals and companies. But how much of that will benefit small business... BusinessWeek http://www.businessweek.com/smallbiz/content/feb2009/sb20090220_894603.htm?chan=smallbiz_smallbiz+index+page_top+small+business+stories Darryl Vaughns dvaughns603 108 107 1 0 New Tax Break For Your New Car urn:com:businessweek:bx:article:5238604904505829476-3f95fc5eb33eaefe481b8b35d68cc92d 2009-03-05T14:40:35.325-05:00 Ah, life on the road. The good news for business owners who spend a lot of time behind the wheel is that you're entitled to a number of vehicle-related tax deductions. Ah, life on the road. The good news for business owners who spend a lot of time behind the wheel is that you're entitled to a number of vehicle-related tax deductions. BusinessWeek http://www.businessweek.com/smallbiz/running_small_business/archives/2009/03/new_tax_break_f.html Colleen DeBaise cdebaise508 82 82 0 0 What Obama's Proposed Tax Cuts Mean for Small Businesses urn:com:businessweek:bx:article:9442094941164540857-db745c627269f18804abbaa52cbdaf79 2009-01-06T11:46:22.604-05:00 Here's a welcome report for entrepreneurs this new year: President-elect Barack Obama's massive stimulus plan is expected to include three key... Here's a welcome report for entrepreneurs this new year: President-elect Barack Obama's massive stimulus plan is expected to include three key... BusinessWeek http://www.businessweek.com/smallbiz/running_small_business/archives/2009/01/why_obamas_prop.html Colleen DeBaise cdebaise508 108 108 0 0 Small biz tax tips urn:com:businessweek:bx:article:5277215986956551052-4abbc7cd3c4f4cbe7d3fd5d8968dc0ac 2008-12-16T17:42:29.339-05:00 Ask your tax advisor about special deductions you can take as a small-business owner — such as allowances for health insurance, long-term care insurance or self-employment tax. Ask your tax advisor about special deductions you can take as a small-business owner — such as allowances for health insurance, long-term care insurance or self-employment tax. citizen-times.com http://www.citizen-times.com/apps/pbcs.dll/article?AID=2008812150312 Colleen DeBaise cdebaise508 118 117 1 0 Got Receipt Overload? urn:com:businessweek:bx:article:11178832221060124770-b8fa55c373be9556c00a3fca58ccb421 2009-02-17T10:10:02.748-05:00 You have better things to do on business trips than hoard and sort receipts. Several companies have recently launched tools that can help travelers organize receipts and track expenses. Here's the lowdown on three of them. You have better things to do on business trips than hoard and sort receipts. Several companies have recently launched tools that can help travelers organize receipts and track expenses. Here's the lowdown on three of them. inc.com http://www.inc.com/magazine/20090101/got-receipt-overload.html?partner=rss Dane Carlson dcarlson281 85 85 0 0 Home Office Taxes urn:com:businessweek:bx:article:17540720767617883184-8c07a6727b2658b33e57a9e831071be9 2009-03-10T06:49:00.000-04:00 more answer center articles Question: I have a home office. Will I have to pay taxes on it if I sell? What happens if the home sells at a loss? Have a Small Business Question? Send us an emailand we’ll try to answer it for you more answer center articles Question: I have a home office. Will I have to pay taxes on it if I sell? What happens if the home sells at a loss? Have a Small Business Question? Send us an emailand we’ll try to answer it for you Smart Money http://c.moreover.com/click/here.pl?r1861714925&f=9791 74 73 1 0 How Your Home Business Can Avoid a Tax Audit urn:com:businessweek:bx:article:8966999722141327391-20578ab45ae8d91fb7e2cff56ea84f02 2008-12-16T12:41:58.544-05:00 Keeping your business income and deductions well within the averages for your type of business will reduce your chance of being audited. Keeping your business income and deductions well within the averages for your type of business will reduce your chance of being audited. BusinessWeek http://www.businessweek.com/smallbiz/content/oct2007/sb20071031_532296.htm Colleen DeBaise cdebaise508 79 78 1 0 Income Tax 2009 | Income Tax Steps to Consider urn:com:businessweek:bx:article:8370860701735393454-7bb4d5d04436cbf3654444e6397ba20e 2009-01-23T14:18:20.306-05:00 Some taxpayers are wary of making any 2009 income tax moves this month because President-elect Barack Obama and Congress are working on a tax stimulus package with new tax provisions – Some taxpayers are wary of making any 2009 income tax moves this month because President-elect Barack Obama and Congress are working on a tax stimulus package with new tax provisions – erollover.com http://www.erollover.com/blog/income-tax/2009-federal-income-taxes Mike Rowan mrowan998 66 66 0 0 My business failed. What can I write off? urn:com:businessweek:bx:article:3071310746470349995-a9b4099d8d00a8eaceeeee2c6b3edbf7 2009-03-09T06:58:00.000-04:00 If your company went under, you can salvage some of the losses when you file your taxes. Shawn Calvert, Kokomo, Ind. My wife tried a small business and it failed after a short time. We lost about $30,000 on it. What can we write off? After If your company went under, you can salvage some of the losses when you file your taxes. Shawn Calvert, Kokomo, Ind. My wife tried a small business and it failed after a short time. We lost about $30,000 on it. What can we write off? After CNN Money http://c.moreover.com/click/here.pl?r1858702589&f=9791 46 45 1 0 Measure Likely to Include Tax on Employees' Health Benefits urn:com:businessweek:bx:article:10389779797805819196-e35dbb4ab2570d31b646fd42ed2b59e7 2009-03-24T13:02:23.326-04:00 The White House Office of Management and Budget estimates that the tax exemption that helped create the employer-based health care system during World War II will cost the federal... The White House Office of Management and Budget estimates that the tax exemption that helped create the employer-based health care system during World War II will cost the federal... workforce.com http://www.workforce.com/section/00/article/26/25/05.php Lauren Young lyoung404 32 32 0 0 Have you missed a tax break? urn:com:businessweek:bx:article:5262212242321212522-adc0f1911f4a2bb3ab5070b37b08565e 2009-02-15T03:34:00.000-05:00 Alternative Minimum Tax credit triggered by misplayed stock options. Choose between a credit or a deduction for foreign taxes withheld by mutual funds that earn dividends outside the United States. Interest on savings bonds may be tax-exempt if spent on Alternative Minimum Tax credit triggered by misplayed stock options. Choose between a credit or a deduction for foreign taxes withheld by mutual funds that earn dividends outside the United States. Interest on savings bonds may be tax-exempt if spent on San Jose Mercury News http://c.moreover.com/click/here.pl?r1821844866&f=9791 44 44 0 0 10 Ways to Cut Your 2008 Tax Bill: The Taxman Cometh urn:com:businessweek:bx:article:11215213078684906141-b8d69ccc85eae212c9404f847e590730 2008-12-16T12:23:10.757-05:00 It's been a game-changing year for the economy and the stock markets, but even before the financial crisis, the folks in Washington were trying to show that they feel your pain. This year Congress passed... It's been a game-changing year for the economy and the stock markets, but even before the financial crisis, the folks in Washington were trying to show that they feel your pain. This year Congress passed... images.businessweek.com http://images.businessweek.com/ss/08/10/1017_sb_tax/index.htm?technology+slideshows Colleen DeBaise cdebaise508 52 51 1 0 New tax rules add to anxiety for small businesses urn:com:businessweek:bx:article:4641338776251311643-4ef098797b2b91ca689ee74e3589bcac 2008-12-16T17:46:58.548-05:00 Small-business owners are having a tough time trying to figure out the best year-end tax strategies for 2008 as the global financial meltdown turns conventional planning wisdom on its head. Small-business owners are having a tough time trying to figure out the best year-end tax strategies for 2008 as the global financial meltdown turns conventional planning wisdom on its head. latimes.com http://www.latimes.com/business/investing/la-fi-smallbiz1-2008dec01,0,6684885.story Colleen DeBaise cdebaise508 52 52 0 0 Strategies: Do This Now To Reduce Your Tax Bill In April urn:com:businessweek:bx:article:9716485995781445088-8ffb0d81af9f1d8f2cb4f0779d71be18 2008-12-23T22:13:44.238-05:00 This year, of all years, every dollar you save is important. That's particularly true when it comes to taxes. A few steps taken now — before the year ends — can save you money when tax time rolls around. In this economic... This year, of all years, every dollar you save is important. That's particularly true when it comes to taxes. A few steps taken now — before the year ends — can save you money when tax time rolls around. In this economic... USA Today http://www.usatoday.com/money/smallbusiness/columnist/abrams/2008-12-19-reducing-taxes_N.htm Dane Carlson dcarlson281 45 44 1 0 The Adminstration Lays Out a Small Business Plan urn:com:businessweek:bx:article:10778386438828965718-3d52f181df90d28bd9811f1bc4d800b9 2009-03-16T21:55:28.880-04:00 Turning its attention from the troubles of Wall Street banks to bolstering the fortunes of Main Street businesses, the Obama Administration announced on Mar. 16 a three-pronged package intended to help small businesses. The program includes a $730... Turning its attention from the troubles of Wall Street banks to bolstering the fortunes of Main Street businesses, the Obama Administration announced on Mar. 16 a three-pronged package intended to help small businesses. The program includes a $730... BusinessWeek http://www.businessweek.com/smallbiz/content/mar2009/sb20090316_868517.htm Shirley Brady sbrady224 27 27 0 0 smSmallBiz.com | Year-End Tax Tips for Businesses – Part I urn:com:businessweek:bx:article:17011381823572088342-ffe6f693f3e74fe94ea58a7f9202fd87 2008-12-16T12:29:47.503-05:00 Attention small-business owners: It's not too late to slash your business’s 2008 taxes. If your outfit can afford new equipment and software, now is a great time to go shopping and take advantage of this year's favorable tax depreciation rules. Attention small-business owners: It's not too late to slash your business’s 2008 taxes. If your outfit can afford new equipment and software, now is a great time to go shopping and take advantage of this year's favorable tax depreciation rules. smsmallbiz.com http://www.smsmallbiz.com/taxes/Year_End_Tax_Tips_for_Small_Businesses_Part_I.html Colleen DeBaise cdebaise508 27 27 0 0 smSmallBiz.com | Year-End Tax Tips for Businesses: Part II urn:com:businessweek:bx:article:15348353545214673796-2c9ced23d31dcf0c386b446c2a4440ad 2008-12-16T12:30:32.893-05:00 ATTENTION SMALL-BUSINESS owners: It's not too late to make tax-saving moves for your business. The likelihood, or lack thereof, that you'll be in a higher tax bracket in 2009 can determine whether it makes more sense to defer income into next year... ATTENTION SMALL-BUSINESS owners: It's not too late to make tax-saving moves for your business. The likelihood, or lack thereof, that you'll be in a higher tax bracket in 2009 can determine whether it makes more sense to defer income into next year... smsmallbiz.com http://www.smsmallbiz.com/taxes/Year_End_Tax_Tips_for_Small_Businesses_Part_II_.html Colleen DeBaise cdebaise508 20 20 0 0 Advice for Tax Procrastinators, 2009 urn:com:businessweek:bx:article:11066120845957652842-98f34c8d010225542e79e5c32eaf473d 2009-04-14T11:08:36.424-04:00 Tax procrastinators take heart: You're not alone, and there's no need to panic. Gather your paperwork, download your online records, and take a deep breath. You've still got time before Apr. 15 rolls around. Before you double-check your math, look... Tax procrastinators take heart: You're not alone, and there's no need to panic. Gather your paperwork, download your online records, and take a deep breath. You've still got time before Apr. 15 rolls around. Before you double-check your math, look... BusinessWeek http://www.businessweek.com/smallbiz/content/apr2009/sb20090410_582560.htm?chan=smallbiz_smallbiz+index+page_top+small+business+stories Colleen DeBaise cdebaise508 9 9 0 0 Business Tax Planning Should Be Year-Round Process urn:com:businessweek:bx:article:4358303264777035752-b1152d668065efb7447011788eb4fb81 2009-04-08T15:03:31.372-04:00 Filed at 2:40 p.m. ET NEW YORK (AP) -- It can be tempting for small business owners, once their income tax returns are filed, to put the whole issue of taxes behind them. Resist that urge. Owners who don't grasp the idea that a company's tax... Filed at 2:40 p.m. ET NEW YORK (AP) -- It can be tempting for small business owners, once their income tax returns are filed, to put the whole issue of taxes behind them. Resist that urge. Owners who don't grasp the idea that a company's tax... New York Times http://www.nytimes.com/aponline/2009/04/08/business/AP-Small-Talk.html Colleen DeBaise cdebaise508 9 8 0 1 Write-Offs a Boon to Builders, Bankers urn:com:businessweek:bx:article:11312636930748380606-ec54779f68cd50848b3063bf3127e9dd 2009-01-06T11:44:42.407-05:00 The main business tax cuts proposed by President-elect Barack Obama are likely to be a windfall for two industries particularly tied to the current economic meltdown: Wall Street investment banks and home builders. Under the proposal being crafted... The main business tax cuts proposed by President-elect Barack Obama are likely to be a windfall for two industries particularly tied to the current economic meltdown: Wall Street investment banks and home builders. Under the proposal being crafted... online.wsj.com http://online.wsj.com/article/SB123120164162955677.html?mod=article-outset-box Colleen DeBaise cdebaise508 15 14 1 0