section 179

Tax Planning: Section 179 Expense

Tax Planning Section 179 Expense   Section 179 allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price. Section 179 is more beneficial to small…

tax position

5 Factors that Determine Your Tax Position

5 Factors that Determine Your Tax Position   Many different factors determine your tax position or how much tax you owe. Below are the five main factors that determine your tax position. Total earnings or the total income you made for the year; this includes your wages, salary, commission, dividends, capital gains, business income, retirement…

Help Me Save on Taxes

Help Me Save on Taxes www.ewhsba.com We sat down with a team of professional CPA’s with well over 180  years of combined experience asking them questions all small business owner would want answers to in regards to saving money on taxes. These questions were aimed specifically to small businesses, however, whether you own a business…