Tax Time Approaching For Home Business Owners
With the end of the year in sight, our minds will be turning to taxes…at least for individuals and business owners in the United States. What can we still deduct, purchase, invest?
Kelly Phillips Erb at Taxgirl has some answers to tax questions in Ask the Taxgirl: Blogging Reviews . As blogging reviewers, product testers, book reviewers, and such…what are one’s tax obligations and deductions? What do you have to claim as income and what is a business expense? What if you purchase something to review? Can you deduct it if you do use it?
These and other similar questions may come to mind as you begin gathering your material together for tax time and to discuss with your accountant or tax preparer. Check out Taxgirl to see if you can find answers there.
(c)2007 Mary Emma AllenTags: home+based+business, Home+business, home+business+taxes, Kelly+Phillips+Erb, Tax+girl, taxes