Alma Emprendedora Alma Emprendedora Issue 002 2014 | Page 53

THREE BIG WAYS SMALL-BUSINESS OWNERS CAN SAVE ON I f you own a-small business, every dollar matters, especially when it comes to taxes. Whether your business is a partnership or corporation, Uncle Sam offers some sizeable deductions to lower your liability, allowing you to put those dollars toward capital and employees. Easy-to-use tax preparation solutions have become an increasingly popular way for small business owners to navigate deductions and tax law changes. The programs ask simple questions about business income and expenses to help maximize your TAXES “Save those receipts and keep detailed records that include purchase price and date placed into service”. deductions. Solutions, such as the value leader TaxACT, allow you to use their online solutions for free and only require payment when you're ready to file. TaxACT spokesperson Jessi Dolmage shares three ways to reduce your small business taxes. ALMA EMPRENDERORA 54