should or should not small buisness be allowed a tax break?
396962
since most jobs are inside what is considered to be a small business then yes, there should be tax breaks to keep that job market cranking.
781131
You can count it as a contribution (money in) and a distribution (money out) if you are a corp.  This has no tax consequence as you are paying yourself back. Normally start up costs are to be amortized.  If you are a sole-proprietor, you can take the profits, it's your money.
552146
Anyone who owns a business files additional schedules with their 1040 income tax form.  The income the individual receives from a business can be offset by the expenses it takes to make that income.  These expenses are described on the various schedules.  One of them is schedule C, for example. The business owner only needs to pay tax on the profit he  makes instead of all the income the business produces.\n\nThis tax break is available to everyone opening a business, not just immigrants. The IRS knows there are a lot of start up costs for a new business which make it difficult to make a profit.  But, after 3 years of losing money (and not paying taxes), the IRS can reclassify the business as a hobby. Then it is harder to write off expenses, and much more of the income received is taxed.\n\nCheck www.irs.gov and read through the publications available, especially publication 334.
108183
Rent is an expense. If you are a business then it might lower taxes when you rent a commercial building. As an individual without a business it is just an expense.
763995
No.\n\nI could imagine that some stores woudll use that as a reason to get you in, but in reality the Sales Tax still must be paid. In relaity what they are doing is lowering the price by that 6-8% (or whatever your tax rate is)
864817
Our firm requires it.  I guess they are allowed.  I don't mind the direct deposit, but it seems wrong to force it.
236623
Yes. You might not get the full deduction
1125330
It depends on the state and type of corporation, so the answer is "maybe."\n\nMinutes are retained by the corporation and need not be filed with anyone.
196725
You should not increase your expenses for tax right-off purposes, Your business will fail if you overspend on unnecessary expenses. To make your business more profitable you should look into spending your money on advertising if anything, Any expense that brings more income will give you a bonus because you can write it off as an expense and increase your net profit.
57112
No, they're full of fees and surrender charges.  You also have to pay taxes at your ordinary tax rate when you take it out, rather than the capital gains rate which is usually less.  The salesman makes more money on them than the investor.
538299
It is possible if used for business to deduct the cost from your taxes.
666614
If you are already doing business and you are in profits, then my suggestion is to save as much as you can from your profits. As a rule, spend only 20% for your personal expenses and invest the rest back to your business. This way your business will keep on growing and the small will become huge one day. This is the easiest and the best way to grow a small business as it is not always easy to get financing from banks or personal sources for new business.\n\nBut yes you will have to sacrifice your luxuries of life in the begining but a day will come when even the 20% of your profits will be more than enough for you....BEST OF LUCK!!
300070
I'm afraid not.  Real Estate agent is not considered a small business.  Now if you owned the realty office, then they could.
1086136
Most likely not, but I suppose you could get some blow up dolls and set them around as followers to get a tax break. \n\nIt just might work, you never know.
278695
If you're just looking for an opinion...I would say yes.  Wisconsin tried that with Illinois companies and succeeded in enticing some companies to move.  We have a free market system and companies should be able to move regardless of the reasons.  Tax incentives and breaks only add to it.\n\nFor the other part of your question...Long time companies already operating within a certain state should be awarded the same incentives, those incentives should be based upon how long that company has been operating within the state.
779498
Assets are definitely part of the owner's equity and a fine way to reduce income tax.  I'm not sure what you mean by we "use our personal for the business" but you should have clear cut definite lines between personal and business.  If you get a car for the business, you have to differentiate between personal use and business use.  If you take it to the store occasionally for personal use, you cannot write off 100% of the vehicle and costs associated with it.  Actually, it works that way with anything the business may buy.  Shares in other companies might be a great way to go.  There would be no doubt as to who the owner was.  I use to own my own business and wrote off all kinds of stuff as a business expense.  Computers, paper, pens, trash cans, you name it!  Casual labor is another good one!  Good luck with that!
104712
Yes for the routine small business that is a sole proprietorship (not a corporation or partnership which requires special forms).\n\nI use it or TaxCut regularly.