Top 5 Tips for Small Business Taxation

!cid_CF682DD0-D4EF-4328-A711-50E49F677CDC The top 5 tips weekly post is always full of hints and tips for small, home & micro business owners.

  • Seek advice from a tax professional – although it won’t be free, ultimately it will save you time and money.
  • Keep records of all income and expenditure.  Don’t throw away or lose your receipts.
  • Set aside your tax payments well in advance and resist the temptation to dip into this fund.
  • Make sure you take advantage of any tax breaks that you might be entitled to as a small business owner.
  • Schedule a “tune-up” with your tax advisor every twelve months to re-evaluate your situation.

If you have additional tips, please share them in the comments section.

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