Small Biz Tip: Taxes: Deductions

Tips from March 8, 2010 The Small Business tips today discuss tax deductions for small businesses. Business Travel – Deduct your transportation, accommodations, and business-related expenses from your taxes. Combining business and pleasure? Only deduct costs that are business related as long as more than half of your trip is dedicated towards work. Equipment – Need new machines, equipment, or other necessary supplies to keep your business running? Deduct these necessities from your business taxes. Rent – Keeping your business under a roof comes at a cost. Deduct your cost for rent to lower your taxable income. Salaries – What you pay your employees is a necessary expense for your business. Keep records of your employee salaries, and changes throughout the year, and deduct these expenses. Daily Overview: “Ordinary and necessary” expenses for your business can be deducted from y... [Read Full Article]


Small Biz Tip: Organize Your Desk

Tips from July 9, 2009 The Small Business tips today will be about getting rid of the clutter and cleaning your desk. Clean out your desk drawers & designate a purpose for each one. Example: supply, personal, and brand/logo drawers. Only keep supplies you use on a regular basis on your desk: several pens/pencils, stapler, post its, notepad, and calendar. Consider buying multifunctional equipment: all-in-one printer, scanner, copier & fax machine eliminate clutter & allow space. Keep quirky items to personalize your desk that don’t get in the way of necessities: pictures, posters, comics or mementos. Daily Overview: A cluttered desk shows others you are not focused about your job. Get organized and get serious. [Read Full Article]