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From Our Q&A “Can I deduct my Gun”
I have a question: Given the current economic situation and a concomitant rise in burglaries/ crime/ office break-ins... ...if I were to purchase a Wilson Combat .45 caliber piece of Dental equipment for my office ($3000), would said piece of equipment be deductible, and to what extent? I'm former military, concealed carry licensed, etc. Thank You for your consideration of this matter, Dr _________________
Incorporation Separating Fact From Fiction
One of the most common questions I receive is should I Incorporate and will it mean I can deduct more on my tax return. The question comes up when I teach classes for small business owners and prospective new business owners. It also comes up at in email and phone calls I receive from clients and prospective clients on a regular basis. Many of those asking the question start with "I heard that if I incorporate I can deduct all my expenses and I will pay less in taxes". Although there are many reasons for Incorporating a business it's always important to do it for the right reasons and to understand the real costs, benefits and drawbacks. To do this it's important to start out by separating fact from fiction.

Cut Payroll without Losing Employees in a Service-Based Small Business
Just because sales are down or threatening to go down, doesn't mean there's less work. In fact, there may be even more work as you scramble to improve sales and develop faster and better service delivered more frugally. So how can we possibly cut payroll costs? Here are 9 ideas worth considering and implementing.
Goals Versus Resolutions
It’s mid February and I waited to present this topic to allow all of your New Year’s resolutions to die their natural death. Are you still exercising, how about that healthy diet, did you contact those long lost friends and relatives, have you become kinder and gentler? With all of that kicked to the curb we can focus on the real meat and potatoes of change-GOAL SETTING.

Do You Have To Pay Home Business Taxes?
The simple answer to this question - do home business owners have to pay taxes - is an unequivocal YES. But rather than curse Uncle Sam, consider all the surprise deductions you're now eligible to receive as a home business owner, many of which you probably didn't know about!
Financial Fundamentals
It's very easy to go into business, and running a business is easy if you have great systems to track your finances automatically, effortlessly, and accurately. Those systems don't "cost", they truly pay off in wonderful ways. Follow the basics. There will likely come a day when you'll be delighted you did!

Tax Deductions For Home Business Owners
There are a large number of tax deductions for home business owners. If you have your own home based business, it is imperative that you learn as much as possibly can regarding the tax deductions that you can take part in. You are entitled to many interesting deductions that you may not had previously known about.
Marketing ROI: Make Sure Your Marketing is Making Money
Generating revenue alone is not enough. Learn how to increase the profitability of your marketing with these tips.
You May be Ready to Sell—But is Your Business
Selling your business requires planning and thought across a number of areas-if you want to maximize its value. This article address basic steps you should take to make sure your business is ready for presentation to buyers.

Other business expense Related Articles

Ten Simple Ways To Increase Your Business
Following are ten simple ways you can market your business with little or no expense.
Budgeting Money When You Own A Business
One of the most difficult things to do when you start a new business is putting together a budget. Under your expense category there can be several sub-categories often falling...
Watch Your Business Expenses (Self-Employed)
Don't get carried away with business expense deductions. You want to keep your business afloat.
If you JUST build it...They WON'T come!
You may be one of those frustrated companies who spent tens of thousands of dollars on your website and feel like you want to jump out the window because you are getting absolutely no results and very few visitors from that huge investment. In fact you may be viewing your site as a HUGE expense and it doesn’t feel as if that expense is ever going to deliver any revenue. Well I am here to tell you that doesn’t have to be the case.
Mistakes of a Marketing Budget Strategy
If marketing is an expense, then it should be stopped! The whole point of marketing is to increase sales, to turn a profit, to generate revenue. The whole point of marketing is to make more money! That is not an expense to your business. So often you hear of a business doing poorly and one of the first things they cut is their marketing. How are you supposed to make more money if you are not marketing?
Reduction in Force needs to be a “Surgical Strategy”
During tough economic times a reduction in force (RIF) often becomes a necessity for many companies. Let’s face it; payroll expense is probably the biggest expense for the majority of companies in business today. Unfortunately, many leaders have a tendency to panic and make across the board cuts without regard for the long term effects, including employee morale and the overall health of the company and its ability to weather the economic storm.
When Should You Seek a Home Equity Loan?
Home equity loans are a better option compared to many other types of loans as they come at lower rates. This is because the lender is able to secure the loan against your property. However, you should only take them when you have a particular expense in mind and take only as much as is required to cover this expense.
Dental Care Insurance For The Self Employed
The self-employed man or woman may have several place they can look for dental expense insurance. Dental Care insurance may be available through a group policy, a dental expense insurance alternative may be available through a medical care insurance policy they acquire directly from an insurance carrier, a standalone dental care insurance policy may be available and simply paying for care out-of-pocket is another choice.
Excel Spreadsheets for Time Tracking - Hazard or Handy Tool?
Excel, one of the more popular members of the Microsoft Office family, has been used in some pretty creative ways. A common practice is to manipulate Excel functions for employee time and expense tracking. With the potential risks for security breaches, data corruption, and inaccurate record keeping, using Excel for time and expense tracking could lead to a host of problems for organizations of any size.
When Buying or selling a business it is crucial to discover the competitive edge!
When buying or selling a business there are more important items than just financial statements to see the complete value of a business. Even if you have to pay more for a business with one of these business moats. It is well worth the extra expense to have a company that will stand the test of time. A business that will survive and even thrive in Good, bad or even flat economies.

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