Important Tax Tips For Business Owner's
Tax Tips for Businesses. Photo by rawpixel on Unsplash
Whether you are a small business, large business, or non profit business you will need to file taxes, even if your business has not made any money yet. You will need to keep track of many things in order to make sure you are paying the right amount of taxes and to get tax breaks for your company.
Gas and mileage for vehicles used by your company
Business expenses, such as equipment, and materials
Utilities
Sales and earnings
Expense deductions
Charity deductions
Qualified property of the trade or business
Profits
Employee taxes
Employee payroll
Excess business losses
See Tax Reform changes for 2018-2019 https://www.irs.gov/newsroom/the-highlights-of-tax-reform-for-businesses
The IRS has easy forms, free filing, and tax tips for most every type of business. Don't put it off until the last minute when you can get started today. Find the correct tax forms for your business here: Tax Tips:
Did you know that tax cuts can actually improve our economy? You can actually save money on your taxes with energy tax incentives. Tax Tips for Charities
Gas and mileage for vehicles used by your company
Business expenses, such as equipment, and materials
Utilities
Sales and earnings
Expense deductions
Charity deductions
Qualified property of the trade or business
Profits
Employee taxes
Employee payroll
Excess business losses
See Tax Reform changes for 2018-2019 https://www.irs.gov/newsroom/the-highlights-of-tax-reform-for-businesses
The IRS has easy forms, free filing, and tax tips for most every type of business. Don't put it off until the last minute when you can get started today. Find the correct tax forms for your business here: Tax Tips:
Did you know that tax cuts can actually improve our economy? You can actually save money on your taxes with energy tax incentives. Tax Tips for Charities
Featured Video: Tax Planning Strategies
Memory Verse
According to the grace of God which is given unto me, as a wise masterbuilder, I have laid the foundation, and another buildeth thereon. But let every man take heed how he buildeth thereupon. I Cor. 3:10 Bible verse provided by Love the Lord First Ministries Online Bible
Rev. Penny Dean
Business Management Made Easy; The Business Owner's Tool Shed
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Home/About Us/Privacy Policy/ Mission statement/Terms of Use/Disclaimer/Become a Member/How to Start Your Own Business/Marketing Your Business/How to Use Social Media for Business/How to Get Business Loans/How to Get Business Grants/Venture Capital/Other Websites by Rev. Penny Dean.
This website created by Rev. Penny Dean
Contact Us: [email protected]
References: Tax Planning Strategies 2018 (AND 2019) Year End Tax Planning Strategies. (2019). YouTube. Retrieved 17 February 2019, from https://www.youtube.com/watch?v=cUYmdttPIjk
