Picking the right Tax Professional for Your Business…hint it’s not about location
There are questions to be asked and answered when picking a tax professional to help your small business grow and stay in the good graces of the IRS. Some questions to ask are; Who should I use and what kind of tax professional is for me? What do they need to know? How do I know they are the right person for me? Here are 3 types of tax professional that you will hear about most often although there are tax professionals that are practicing without any kind of additional certification. Click on each to learn more about them. I would have written this out for you but just writing
4 Myths of Tax For Businesses
We have talked about setting up the right entity for your business to save you money in tax each year. There are several myths about tax for your businesses that are out there. I talked with a couple of friends of mine that are tax professionals and discussed the most common tax myths that exist for small business owners. Myth 1. I can write off all of my expenses for my business from equipment to entertainment. Reality: When it comes to equipment that you buy, you may not realize the full write off for several years depending upon if the asset is depreciable or not. As for entertainment, only 50%
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