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SMALL BUSINESS GUIDE
Blog Post

10 Ways to Save Money on Small Business Taxes

by on Jul 13, 2011
# Incorporate your business

Sole proprietorship and partnership are two of the most taxed business entities. Incorporating your business, despite the more complex legal requirements, will help you limiting your business liability, give you lower tax rates and offer you other tax advantages.
# Make your business home based

Doing so will help you reducing business overheads and enable you to write-off or deduct business expenses of your home. Be warned, you must find a way to keep your professional image intact, as home business are stereotyped as being unprofessional and being managed by CEO in his slipper and pajamas :)
Here are more posts from this author
Reimbursements are nontaxable to employees—excluded from gross income and exempt from FITW, FICA and FUTA—under the following conditions: · A...