Four Ways to Trim Your 2007 Tax Bill   By Kelly Spors November 25, 2007   Before you get too wrapped up in next month's holiday cheer, here's something far less jolly to think about: your 2007 tax bill.   The end of the year presents small-business owners with opportunities to shave their taxes, or at least delay some sting for another year. Of course, you should consult a tax adviser before making hasty changes to your business finances, since certain strategies can be more effective for some businesses than others and you don't want to disrupt your cash flow. But here are some tax-slashing strategies to consider...   Read the full article

It’s that time of year again…

There is only a short time left to take advantage of best options to minimize your 2007 tax bill. To help with that challenge, we like the four tax savings tips offered by Kelly Spors so we recommend her WSJ article to you; see the introduction and link we've provided. We particularly want to point out one of the tips right away; it reads as follows:

Spend money now. Business expenses logged through Dec. 31 can be deducted from your 2007 taxes. This can mean everything from buying a new business vehicle, office equipment or furniture and supplies to paying your bills before year's end. Deductible expenses must be in use by Dec. 31 to qualify as 2007 expenses, according to Internal Revenue Service Publication 535; you cannot prepay next year's expenses and take the deduction this year.

If you are considering making key investments in your business that include one of the following choices, we’d like to help you make the December 31st deadline. Of course your investment comes along with our entire team, not to mention the very best service and support.  

Call on us to help you realize the full range of benefits you should expect from the investments that make your business better, including a good tax deduction for this year.