If you just started your home-based business in the last year, you may be apprehensive about your first time filing and paying small business taxes. Never fear: these tips will make tax season easier for you.
1. Know Your Deductions.
You might be surprised at all the expenses you can write off with your home-based business. Your office, for example, is a legitimate business deduction. A few others include:
- Office supplies
- Computers or printers
- Business trip expenses
- Advertising or marketing
So don’t be afraid to spend money on your business. It will help reduce your taxable income come April. Continue reading “10 Tax Tips for Work-at-Homers” »