As we conclude 2008, the topic on the mind of millions of small business owners is taxes. That is, making any last minute considerations for their filing in April. In this entry, I’ve combed through many blogs on the Web to deliver a plate full a tax advice that should ease your nerves and probably help your CPA (if you have one).
- Gina from glgcpa.com, who runs a tax advice blog, has hundreds questions and answers from people regarding their business and individual taxes. She posts the question and a well-thought answer for each one, making it perfect for anyone who plans to pay taxes to read (and subscribe to).
- Wall Street Journal posted four tips advising small business for their ‘09 taxes. It’s noteworthy that two of the four tips involve maintaining records. Big hint!
- MSN has an article on great 2009 tax-saving tips. While intended for the individual filer, the true small business owner could really skip the Tylenol by checking out those tips. (It’s a sneak peek because the IRS hasn’t released their figures on deductions, yet.)
- Intuit has a list of major tax law changes from 2007 to 2011; you can better prepare your assets for desirable taxing. The changes are sorted by year and are relatively easy to understand. It’s a great reference for any long-term financial planner.
- Successful Small Business Ideas at createliberty.com posted an entry that has several quick and easy tax tips for small business owners, home-based business owners; also, you’ll find many startup business guides, too.
- The IRS published their official 2009 Tax Calendar. It’s a valuable resource for small business accountants.
- DebtKid lists seven year-end tax tips for small business. The entry is worth the read as well as the daily plight of a person in their mid 20’s with over $300K in liabilities.
- Get Rich Slowly’s Taxes category is excellent. J.D.’s personal finance tax advice is published quite frequently.
- For those who enjoy reading books, Staceyboo recommends a handful of books on small business tax strategy.
Note: Despite all these helpful tips, please be sure to consult with a certified tax professional before making any financial decisions. We are marketing automation pros, not tax pros.
