Taxes for Small Business Owners

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The following post has been sponsored by Nicole’s Tax Service.  All opinions are my own.

As a small business owner, tax time can become overwhelming.  Here’s a secret … It doesn’t have to!  As long as you stay organized throughout the year and hire a tax professional you will be in good hands.  

I know what a lot of you are thinking.  “Why should I hire someone to handle my taxes?  Can’t I just do it myself?”

Tax code changes frequently and unless this is your job, there’s no way a regular person will know all the ins and outs of what you can deduct on your business and how to optimize your return.  Hiring a professional is always the way to go, plus as a small business owner, it counts as a business expense and you can claim it on the following year’s taxes.

I found Nicole’s Tax Service in Langhorne, PA several years ago by asking around for an accountant who was familiar with working with bloggers.  Nicole has over 20 years experience in personal and small business tax preparation.  She is also very knowledgeable and has been a part of direct sales and network marketing for several years and is very familiar with all the ins and outs that applies to your tax returns.

What Business Expenses Can I Write Off

The following are only a sample of what you may be able to claim on your business taxes.  Please confirm all expenses with your tax professional.

• Cost of Office Space
• Mileage 
• Tolls/Parking
• Postage
• Office Supplies Travel Expenses
• Professional Memberships & Subscriptions
• Bank Fees & Credit Card Processing Fees
• Consultant Fees
• Web Services/Tech Fees including domain registration
• Conferences & Training
• Inventory 
• Sales Materials
• Cost of filing & preparing your taxes
• Gifts

If you are looking for a tax professional, we highly recommend Nicole Hinkle of Nicole’s Tax Service.  She is currently accepting appointments from new clients and you can find out more on her website.