Buy or lease? It’s a decision many small businesses face. Owning real estate certainly can have advantages, including the opportunity to build equity. But many small businesses in need of space choose the rental route instead. Cash Flow Considerations By leasing, a company can avoid taking on debt to acquire a property. Less debt on the balance sheet […]
Archives for August 2016
Tax-smart Ways To Take Cash Out of Your Corporation
Owners of closely held C corporations are often interested in withdrawing profits from their companies in ways that minimize taxes. What are the options? Pay Salary/Bonus. If the owner is a company employee, taking more salary or a yearend bonus is an option, as long as the total amount of compensation the owner receives is reasonable. The company […]
Lock In Those Business Deductions
If you run a small business, you already have a full plate. The last thing you need is for the IRS to question any of your business expense deductions. But it could happen. And that’s why having records that prove your expenses is so important. Even deductions for routine business expenses could be disallowed if you don’t have […]