Business Owners' Tax Newsletter

Need help with your business taxes?

If you don't know it already, small business owners (even those that produce pretty middle-class profits) are heavily burdened with federal and state taxes. As a result, business owners need to work hard and smart to minimize their taxes.

Unfortunately, managing and minimizing your business taxes is trickier than you might suppose.

You might think, for example, that a small business owner can get the information they need from the popular business newspapers and magazines that all seem to cover the new tax laws. But media coverage of new tax laws usually isn't presented in a way that gives a small business owner actionable advice. And what's more, the popular press simply doesn't cover of all the existing old tax law which also provides numerous tax-saving opportunities for savvy business owners.

Then there's your tax accountant of course. But regularly (and I say this as a tax accountant myself), a tax accountant often doesn't provide the help you need either. New business owners, for example, may not yet have located a good accountant. And even many experienced business owners don't get all the help they want from their accountants.

These realities--business owners needing tax help that they weren't getting--led me to publish a small handful of business owners tax newsletters. Specifically written for the business owner who wants to legally but effectively grind down his or her tax bill, each 4pp issue covers one, simple, powerful tax savings technique that's available to savvy small business owners. Each issue should save you anywhere from a few hundred dollars a year to thousands of dollars a year in taxes.

Here are currently available issues (see below). Also, note that as the new small tax planning gambits appear, I'll add to the list:

ABCs of Business Tax Deductions: (Volume 1, Issue 1 originally published in August 2011) How to identify and maximize business tax deductions, fulfill record-keeping requirements, and keep yourself out of trouble. Also discusses option of adding a spouse to your business's payroll to get a deduction and the possibility of spending $1 on a deduction to save more than $1 on taxes. Add to Cart

Deducting Vacations as Business Travel: (Volume 1, Issue 2 originally published in September 2011) How to use the rules for business travel to turn vacations into fully deductible business trips. Discussion of how to treat the travel costs of family members. Coverage of the special rules for deducting international travel costs. Add to Cart

Saving Taxes When Starting a Business: (Volume 1, Issue 3 originally published in October 2011) How to maximize and accelerate all of the deductions related to starting a new business. Includes discussion both of the $5,000 limitation on deductible startup expenses--and ways to get around the $5,000 limitation. Add to Cart

Healthcare and Medical Insurance Deductions: (Volume 1, Issue 4 originally published in November 2011) Overview of healthcare and health insurance deductions for small business owners. Includes discussion of health savings accounts, healthcare reimbursement arrangements and Obamacare employer incentives. Add to Cart

Last Minute Tax Savings Tactics and Tricks: (Volume 1, Issue 5 originally published in December 2011) A run-down on last-minute mostly year-end tax saving strategies and tactics a business owner can use to reduce federal and state tax liabilities stemming from an active trade or business. Add to Cart