3 Tips for Business Owners to Save Money on Taxes

1. Make sure you get the maximum allowable tax deduction for business use of your car
There are two methods to calculate your auto expenses and you can choose the one that gives you the best results:
actual costs
optional mileage amount (for 2009 it’s .55 per mile)
You can choose differently each year without needing permission from the [...]

3 Ways to Save Money on Your Taxes, Even if Your Business Records Look Like This…

1. Get a copy of your return from last year.
If you’re like most people, your tax situation doesn’t change much from year to year.  So last year’s return is probably full of clues to help you know what paperwork you need to collect for this year.
If your circumstances have changed, make sure to note [...]