Charleston Business Tax Help QuickBooks Specialist, Try Us
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http://www.sc-accounting.com – Hi, My name is Larry Wright and I am the Managing Partner at Ross WRIGHT Chason. We are a professional consulting company providing business tax help Charleston to home-based entrepreneurs to small and mid sized businesses and even non-profit organizations, with offices in Charleston and Hilton Head, SC
We have been providing affordable Charleston Business Tax Help, Accounting, Financial Management, Tax Planning & Preparation, and Business Intelligence services to small and mid-sized business owners and not-for-profit organizations throughout the entire low country since 2005.
One question many people ask is
What are the risks of trying to do your business accounting and financial management yourself?
Often over-looked is the fact that the small business owner needs the exact same advisory team members as does his counterpart in the corporate world, the Chief Executive Officer. What IS different, however, is the availability of financial resources to engage such a team.
Nevertheless, when businesses attempt to save money by doing it themselves, they lose sight of their real role: That of delivering their particular talent to a market that wants it. In other words, valuable talent is wasted by diverting it to areas in which you do not possess the requisite skills. You must accept that these soft costs are necessary, nevertheless, and are part and parcel to being successful. It is why enlisting Charleston business tax help may be critical, and may greatly simplify your ability to solve crucial operational and financial problems while growing your business.
If you would like more videos and tips like this one, click on the link or go to http://www.sc-Accounting.com or call us at (843) 647-1559
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Online Pointers from an Oceanside Business Tax Service
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How confident do you feel about your tax knowledge? Are you an Oceanside resident who would like to become better informed when it comes to your taxes? Depauw Johnson Tax and Financial Services is an Oceanside business tax service doing their very best to keep the public well informed.
Personal finance clients are especially thrilled with all of the resources available. This is because everything tax preparation Oceanside This article was published at Bookkeeping Services of Charlotte, NC Related Business Taxes Articles
Small Business Tax Deductions – Top 5
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With tax season
just around the corner it is never too early to start thinking about available tax deductions. Small business tax deductions are important to Ensuring that you are getting all the return that is possible. Some tax deductions for small businesses are:
* Office furniture* Office equipment and supplies* Software and other subscriptions* Insurance premiums* Retirement contributions
In addition to these deductions there are a few other deductions that should be kept in mind while filing. Simply keeping good records throughout the year will help with these items and wants to make calculations at tax time less stressful.
Social Security
If you are self-employed or a small business you have to pay double the social security as you pay as both the employer and the employee. The good news is that you can claim back on your 1040th helped
Home Office
If you have a room in your house that is used exclusively for your small business it may be used as a deduction. The room can not be used for any other purposes to qualify. You can claim a percentage of rent or mortgage and utility bills based on the square footage of your office area in relationship to the square footage of the house.
Mileage
Keep a journal in your vehicle of all small business related travel and expenses. At the end of the year this can be claimed one of two ways. It can either be deducted as a straight calculation of mileage times the allocated rate plus other expenses or it can be completed as a percentage of the total mileage on the vehicle plus expenses.
Travel and Gifts
hotel stays, travel on airlines or other forms of transportation and all gifts are deductible. Saving receipts is critical to be able to calculate this at tax time.
Children working for you
If you are the sole proprietor of your small business and you employ your own child under 17 that child can make up to, 850 and avoid paying any taxes. You will not have to pay Social Security tax and the salary you can write off as a business expense. This same policy applies if you and your spouse are together in partnership and there are no other partners. It does not apply if you are a corporation.
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