Paying tax is inevitable. However, you do have some control over how much tax you pay.
Carelessness in your record keeping and tax strategy will lead you to pay heavily but if you are disciplined and careful you could find yourself paying less.
Knowing what deductions are allowed and maintaining your records are the basics of an effective tax strategy and a smart bookkeeper and accountant can be a great asset that pays for itself.
What tax saving tips do you have for other small businesses?
What do you look for in a good accountant or bookkeeper?
Please share your insight on the discussion boards or in the comments:
Preparing for Tax Season
Photo credit Jim Frazier