Daily Difference: Dream Big. Start Small.

Small Business Week

Last week (May 4th – May 8th) marked the 52nd year in a row that the president of the United States has declared National Small Business Week (NSBW), recognizing the contributions of America’s entrepreneurs and small business owners.

The IRS and U.S Small Business Administration celebrated the week by hosting several webinars and white papers to support small businesses.

Here are a few of the resources available from the IRS:  http://www.irsvideos.gov/

  • Business Use of Your Home

Find out which deductions are allowable for a home office and which are not. Learn about a simplified method for figuring the home office deduction.

  • Avoiding the Biggest Tax Mistakes

Learn about available tax benefits and how best to avoid common mistakes small business owners make.

  • Depreciation Basics

Depreciation is a deduction that allows a taxpayer to recover the cost or other basis of certain business property. This video will help Individual taxpayers and small business owners properly claim this deduction.

  • Child and Daycare Provider Tax Compliance

Learn how to report correctly common tax items associated with owning a child or day care business.

Today’s economic outlook for America’s small-business owners is better than it has been in quite some time, with more small business owners anticipating economic expansion in the coming year than at any point in the last seven years!

Do you have any questions you would like to see addressed as a small business owner?

Blog, BusinessJames O'Brien