4 Year-End Tax Planning Strategies for Small Businesses

September is a great month to start planning strategies that could reduce your small business taxes for this year and next. For the majority of businesses, the traditional year-end tax planning strategy of deferring income and accelerating deductions to minimize taxes will probably yield the most significant results. In addition, owners should consider bundling deductible

Two Tax Strategies for Maximizing Depreciation Deductions

You may benefit from the Section 179 depreciation tax deduction for business property if your business needs to buy equipment and other depreciable property.