Tax season is upon us. The time of the year when we all struggle through the new tax laws to make sure get everything back that we deserve, or don’t pay more than we need to.
Small business owners are no exception. We have to worry about our business taxes and our personal tax returns, depending on how we have incorporated our businesses. This is part of the reason why I am such a fan of the LLC, but I’ll save that for another blog post.
CNN Money writer Catherine Clifford put together a great article several weeks back about changes in tax laws that impact small businesses. Even those of you reading this blog that haven’t started your business yet should take notice. These laws may impact your decisions when starting your business, particularly about health care coverage and depreciation on bonuses and vehicle purchases.
You can view the full article by clicking here.
