Business Services
Our company is at your side at every step of the way when you decide to start your business. We give you a FREE 30 minute consultation session to assess your business needs. We will then make a determination on this conference.
- Type of entity, sole proprietor, partnership, or corporation (Chapter C or Chapter S).
- Complete all papers at the Federal and State level.
- Arrange periodic sessions to asses your business.
- Help with personnel arrangements
- Help with on-line updates for your business.
- Consult with you on computer needs.
- Consult with advertising.
25 Common Business Deductions and Expenses
Every time you lick a stamp for your business, write a check for an insurance premium or buy a box of paper clips, you're incurring a legitimate business expense that may be tax-deductible. By keeping close tabs on those business deductions allowed by the Internal Revenue Service and adding up all those seemingly incidental purchases, you may be able to lessen the bite at tax time.
The Internal Revenue Code allows you to deduct all "ordinary and necessary" expenses of operating your business -- these can vary depending on the type of business. Below are some of the most common deductions small businesses take. You should speak with your tax advisor to see what other deductions your company can take advantage of.
- Health Insurance
- Interest payments on business credit cards
- Home office deduction
- Internet and e-mail services
- Retirement Plans
- Professional associations
- First year expense deduction
- Local travel
- Rent, phones, utilities
- Business travel
- Auto expenses
- Parking
- Education
- Postage
- Entertainment
- Office furniture
- Gifts
- Office supplies
- Public relations, promotion and advertising
- Business cards and stationary
- Trade shows, conventions and seminars
- Insurance
- Professional publications
- Local business taxes and fees
- Bank service charges