The government has provided for some new tax incentives for small businesses in 2011 forward. Please review the following incentives. They may help you when making management decisions and help your business grow. Bonus depreciation is available when purchasing NEW equipment. For tax year 2011, you can write off the entire cost in one year. […]
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EXERCISE DISCIPLINE AND WATCH YOUR BACK
Are you a self-employed individual? If you carry on a trade or business as a sole proprietor, an independent contractor, member of a partnership that carries on a trade or business or are otherwise in business for yourself, then you ARE considered SELF-EMPLOYED. This means you may owe self-employment tax on your net earnings of […]