Last Minute Small Business Tax Tips

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.

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View Comments

  1. Joyce

    I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

    Joyce

  2. J.Crawford

    Thanks for mentioning my article in your post.

  3. robate159

    Small business

    1) Often we forget the little guy, the SMB, in our discussions of the comings and goings of the Internet marketing industry. Sure there are times like this when a report surfaces talking about their issues and concerns but, for the most part, we like to talk about big brands and how they do the Internet marketing thing well or not so well……..

    http://www.onlineuniversalwork.com

  4. robate159

    Small business

    2) The Center for Media Research has released a study by Vertical Response that shows just where many of these ‘Main Street’ players are going with their online dollars. The big winners: e-mail and social media. With only 3.8% of small business folks NOT planning on using e-mail marketing and with social media carrying the perception of being free (which they so rudely discover it is far from free) this should make some in the banner and search crowd a little wary……….

    http://www.onlineuniversalwork.com

  5. robate159

    Small business
    3) According to the study, the most important tool for small businesses to succeed in 2010 is search engine marketing, while email marketing, public relations and social media cited as crucial for success.
    23.8% of all small businesses reported that search engine marketing was the tool most needed for their business to succeed in 2010….
    http://www.onlineuniversalwork.com

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