Find tax breaks for your business

Find tax breaks for your business - http://money.cnn.com Avatar Posted by ArmadaIG under Taxes
From http://money.cnn.com 4640 days ago
Made Hot by: on February 11, 2008 6:44 pm
Federally speaking, there are a wide variety of tax benefits for small businesses. Many depend on the type of business you own. One of the most fundamental, but dramatic, is available to LLCs and corporations with S-status. If they're eligible, they only pay tax at the shareholder/owner level, as opposed to paying at the corporate level and again at the shareholder level to the extent that there are dividends distributed. This way they avoid a double tax.

An often-overlooked tax benefit unique to small businesses, regardless of whether they are a corporation, partnership, or sole proprietorship, is Section 179 small business expensing.





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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!