5 Killer Tax Deductions For Small Businesses
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August 31st, 2011 Filed under: Book Keeping Service — Accounting Author I came across this article and it has 5 great tax deductions you can take as a small business. If you’re a small business owner make sure you’re at least \”trying\” to take these deductions. they can really help lower your tax bills. 1. Write off all your medical expenses as a business deduction with a medical reimbursement Read more [...]
Depreciation is a term we hear about frequently, but don't really understand. It's an essential component of accounting however. Depreciation is an expense that's recorded at the same time and in the same period as other accounts. Long-term operating assets that are not held for sale in the course of business are called fixed assets. Fixed assets include buildings, machinery, office equipment, vehicles, computers and other equipment. It can also include