Small Business
Being in business for yourself is one of the greatest events you’ll ever celebrate in your life. The flexibility, personal benefits and financial rewards make starting a business (large or small) a smart move.
The sooner you start a business the sooner you begin to have a fighting chance to convert personal expenses into business deductions. As a matter of fact, it’s estimated that the first year you begin a business–technically when you create an intent to profit–you should see significant deductions! This truth is worth repeating, “ultimately all deductions lower your taxable income.”
We’ll examine some basic strategies in the next section.
Please be sure to read our disclaimer prior to acting on any information you find on this website There is never any substitute for personalized professional advice.
