TAXES FOR SMALL BUSINESSES
De Leon Accounting is here to help you with filing taxes for your small business. We are experts in the field and will handle all of the paper-pushing for you.
For example, if you own a small business, there are a myriad of tax deductions that you may not be aware of.
Including, but not limited too:
* Home Office Claim
If you work from home and you work in what could be considered a home office, then this is a deduction you can take advantage of. Some people are concerned that claiming a home office is risky, but as long as you actually are using a home office, then there is nothing to worry about.
Measure the work area of your home office and divide it by the square foot of your home, just make sure that your home office is dedicated to only that, and nothing more.
* Office Supplies, Furniture & Other Equipment
Keep track of all your receipts for Office Supplies, but also for office furniture and other equipment including computers, copiers, tax machines, scanners, etc. And this applies even if you don’t claim the Home Office Deduction. Additionally you can deduct 100% in the year of your purchase or deduct a portion over 7 years (depreciation).
* Car Mileage Claim
If you use the car a lot for your business, you can get money back for the miles you spend driving.
The key to this claim is to keep a detailed notebook of your driving activity, including the date, mileage driven, tolls, parking costs, purpose of the trip, etc. Jot it all down.
How you go about it depends on the choices you make, and we can walk you through it.
There are many other areas of deduction, including Retirement Contributions, Social Security, Phone Charges, Child Labor, Travel, etc.
Give us a call today and let us sort out any tax questions you have!