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Quickbooks pro 2012 free trial download. Download QuickBooks Desktop Trial Free Version
As we near the end of a tumultuous 12 months with a tug-of-war on tax reform in Congress, many small-business owners are probably wondering what they need to know about their taxes. Deduct expenses this year and defer taxable income, if you qualify. Most small businesses use the cash method of accounting for tax purposes.
This could include deferring some billings until Dec. Set up a retirement plan and make the maximum contribution. Consider establishing a retirement plan for your business. Many pension companies will do a free analysis of which plan is right for you. If your business has an existing retirement plan, ask your pension administrator to figure out the maximum potential contribution for the year based on your staff size and available budget. Deduct the expense of certain equipment purchased in Internal Revenue Code section allows a business to elect to treat the cost of certain property such as computers, office furniture, equipment, and machinery used for business purchased this year as a one-time deductible expense.
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