7 Tax Tips for Your Small Business

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7 Tax Tips for Your Small Business
Tax season is around the corner and tax savings
are out there you just need to find them. Before
you close the books, take time to think about
business tax preparation.You may pick up some
great tax tips, like delaying until next year to
send invoices to clients. Cash-basis taxpayers
only pay tax on cash go through, so you are
deferring taxable income until next year when you
delay collections. Here are tax tips for
lowering your small business tax bill. Take the
qualified business income deduction Consider
changing your business structure Take year-end
tax planning seriously Research small business
tax credits Take a home-office deduction Save
every receipt Carryover losses