taxes

Eight Great Tax Tips for Businesses and Self-Employed Individuals

Below is the annual Eight Great Tax Tips for Businesses, by C.P.A. Bernard B. Kamoroff. It is excerpted from the 2009 Edition (8th Edition) of Mr. Kamoroff's book 422 Tax Deductions for Businesses and Self Employed Individuals.

Tax Tip #1. Your business expenses are deductible even if you paid them from your non-business bank account, personal credit card, or cash. Take a few minutes and go through all of your expenses for the year. If the expenses were for your business, deduct them. (Does not apply to corporations).

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