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Friday
April 8, 2011

Small-Business Tax Advice

Filed under: Tip of the Day

April 15th is right around the corner - have you done your taxes yet?!

If not, this month’s Marketwise section of Counselor magazine has a few pointers that small-business owners will want to keep in mind to ensure they are getting all the tax savings they deserve this year. Check out the story now. And while I have your attention, here are just a few of the pointers:

• Small Business Health Care Tax Credit - covers up to 35% of the premiums a company pays for its employees’ health insurance
• The HIRE Act - puts two tax incentives into place that distributors may want to consider.
• Equipment Purchases between September 9, 2010 through the end of 2011 can also write off its full cost, due to the increase to bonus depreciation enacted as part of the 2009 stimulus.

Hope this helps!

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