February 6, 2010 
This entry was posted on Saturday, February 6th, 2010 at 9:17 pm and is filed under Small Business, Taxes, Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
The Internal Revenue Service offers small business owners a fair number of tax deductions. The thing is, you have to know where or how to find them. Learn to navigate through the maze of small business tax breaks and save money in the process. For instance, there are start-up cost deductions you can avail of during the first year of your business.
Deductions can be up to $5000 in start-up and another $5000 in organizational costs. Expenses that are not deducted can be amortized over a 180-month period, which begins upon opening your business. You can write off or amortize market research, advertising, employee training, business-related travel, legal advising and other costs. Other tax breaks include travel deductions, equipment deductions, etc.