Tax Planning for Small Businesses-Putting Money Back Into Your Account

If you are a small business owner, it is likely your goal to achieve financial health both for your business and for you personally. To that end, you may spend hours each day thinking of ways to increase your profits and reduce expenses. However, are you really taking...

How to Reduce Service Business Taxes Using The 3D’s

There are three ways to keep this year’s and all future years’ tax bills down. Find out how to reduce taxes with the 3D’s: Deduct Depreciate Delay They are obvious, but some business owners do not focus on them enough, and some do not plan well enough ahead, so...

The 10 Commandments of Building a Profitable Service Business

No one builds a business and sets out to lose money. But that’s where a lot of service business owners find themselves, many of them without even realizing they’re losing money! If you’re building a profitable business, these are the rules you must follow to...

The Biggest Tax Write Off You May Be Missing Out On

Your service business relies on keeping your trucks on the road, and every single day you and your employees are putting miles on those trucks, on top of that you’ve got gas, wear and tear, tires, and repairs. All of which could be the biggest tax write off at the end...

Tax Planning VS Tax Preparation: What is the Difference?

Many people assume tax planning is the same as tax preparation. An easy mistake to make since they essentially sound the same, but there are huge differences between the two that you should know.  If you’re doing what most people do and preparing your taxes once...