in Business, General

2009 Tax Deduction Tip for Businesses

With 2009 comes another year, and with a new year comes taxes. Time for all business owners to pull out their books and tally up everything. But before you send it into the Fed, here is a tip.

Have you checked all your expenses? If you haven’t already, sit down with your accountant to see if there are any hidden expenses that could be reported. Mileage? Business lunch meeting? Equipment depreciation?

I was planning on linking to an article from CNN Money, and with it would have come more tips, but something just felt wrong when I was reading over it. Reading the article felt like it was “hiding” something or cheating on taxes, and with you small business owners in mind, it didn’t feel right posting it.

Take this tip to heart. It doesn’t hurt to double or triple check your expenses.