By Andy Roe of SurePayroll
Small business owners consistently list tax changes as one of their biggest concerns. And for good reason — taxes are more complicated than ever, particularly for small businesses.
(Photo courtesy of Andy Roe)
With a tax code that is nearly 75,000 pages long, no one expects you to know everything. However, if you talk to an accountant, there are a few things they would love every small business owner to understand.
Charitable deductions, car expenses and choosing between retirement accounts are things you’ve probably heard about but maybe aren’t entirely clear on. The following infographic lays out these three important deduction opportunities. Take a look and make sure you consider these tax details throughout the year.
Andy Roe is the general manager of SurePayroll, a Paychex Company. SurePayroll provides payroll services to small businesses nationwide and surveys those businesses on a monthly basis for insights into the small business economy. Follow Andy on Twitter @AndrewSRoe and connect with him on LinkedIn.
The views, opinions and positions expressed within this guest post are those of the authors alone and do not represent those of CBS Small Business Pulse or the CBS Corporation. The accuracy, completeness and validity of any statements made within this article are verified solely by the authors.