Tax Secrets Save Small Business Hidden Money
Released on: July 14, 2008, 6:38 am
Press Release Author: Shannon Cherry/ Cherry Communications
Industry:
Press Release Summary: As the year turns to its latter half, small business owners should be getting their taxes in order. Jessica Reagen Salzman, a professional bookkeeper for small business, offer tips to make sure those taxes are as orderly as possible. She also reveals many secret methods that most solo professionals haven't heard of.
Press Release Body: Boston- July 23, 2008: As the year turns to its latter half, small business owners should be getting their taxes in order. Jessica Reagen Salzman, a professional bookkeeper for small business, offer tips to make sure those taxes are as orderly as possible. She also reveals many secret methods that most solo professionals haven't heard of.
"The government doesn't purposely hide ways for you (small business owners) to cut taxes. And these secrets aren't classified as tax evasion." Says Salzman. "We've reached a midway point in 2008 and its important to make sure that deadlines are met in order to benefit from these tax secrets"
Jessica Reagen Salzman is a professional bookkeeper and certified QuickBooks ProAdvisor. She is a member of the Institute of Professional Bookkeepers (AIPB) and the National Society of Accountants (NSA), and a recipient of the E-Myth Embark E-Learning Scholarship.
She uses less well-known provisions of the government's economic stimulus package to help small business owners save various amounts of money. 1. "Many may be eligible for a special depreciation bonus this year. Under this package you can automatically depreciate 50% of the cost of certain business equipment that was bought this year. 2. Small business owners can even write-off any remaining cost as per the MACRS (Modified Accelerated Cost Recover System."
Salzman also points to provisions of Section 179 of the IRS code. "Small businesses that are starting up this year may be allowed to deduct property tax in full". She says not to be afraid of finding loop-holes and suggest that those with less experience or knowledge of the tax system read up and educate themselves.
She says that his is one point where reading these kinds of things actually "pays off".
For more information, visit www.behindthescenesLLC.com.
About Behind the Scenes LLC ( www.behindthescenesLLC.com):
Behind the Scenes LLC was founded by Jessica Reagan Salzman to help small business owners to increase profits, reduce taxes, and improve cash flow. Founded in 2006, the company maximizes small businesses\' resources by offering a customized approach to professional bookkeeping, accounting, payroll and tax-related services to small businesses and solopreneurs.
Behind the Scenes LLC provides what they call the \"bookkeeping with benefits\" model, which helps clients understand their monthly financial statements, and empowers them to make more effective and more profitable business decisions.
This exclusive model also provides clients with peace of mind that while they concentrate on revenue-producing goals, Behind the Scenes is taking care of the bookkeeping aspect of their business.
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Web Site: http://
Contact Details: Contact: Shannon Cherry PR for Behind the Scenes LLC news@cherrycommunications.com 800-257-0633 , ext 4
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