Saving on tax means big business savings when you work from home. If you’re interested in working out deductions and doing tax yourself, rather than going to an accountant or tax expert, or you simply want to get a better idea of the deductions you can claim when you work from home, there are numerous ways to save on tax in Australia when you work in a home-based … [Read more...] about How to Save on Tax as a Home Business Owner in Australia
How to Reduce Tax
5 Tips for Small Businesses During Tax Season
Tax season can be a headache for small business owners. No one will ever contradict that statement as you try to comply with different state and federal tax policies through a very complicated tax system. Small business owners can be very organized, maintain good books and even get the best accounting software available but still, that isn't just enough. Below are some … [Read more...] about 5 Tips for Small Businesses During Tax Season
Paying Sales Tax in Different States
QUESTION on Paying Sales Tax in Every State My partners and I recently started a business selling IT products and services. I live in Colorado, my partners in Maryland and Virginia. For various reasons we registered our Company in Delaware through MyCorp services as a corporation. We have just received our first purchase order and are about to invoice our first sale. The sale … [Read more...] about Paying Sales Tax in Different States
Non-Traditional Tax Deductions: Successes and Failures
Starting a business is not for the faint of heart. Business owners often need to pour thousands upon thousands of dollars to get their business venture off the ground. The costs can be never-ending. (Rent, website design, marketing, hiring and paying employees, legal fees, and insurance fees are just a few of the costs that can sink business owners into debt.) Federal and … [Read more...] about Non-Traditional Tax Deductions: Successes and Failures
3 Organizing Tips for Tax Time
Can you believe it's now April? It feels like time flies after the New Years Day and before you know it, you'll be filing your taxes again. Today I am sharing with you the things you should start doing RIGHT NOW to avoid stress when filing your income taxes at tax time: Have a plan One helpful hint I've learned from my business coach is to turn big projects into smaller, … [Read more...] about 3 Organizing Tips for Tax Time