Tax season is well underway and for many businesses it can be a stressful time. Number crunching, audits and the possibility of owing money can all lead to procrastination, which alone is another cause for stress. However, contrary to all of that, is a possibility of reducing your tax liability through credits and deductions. To know if your small business qualifies for credits and/or deductions, it is important to understand them and how you can apply them to your specific business.BenefitMall’s most recent issue of Insights & Innovations provides explanations and examples of tax deductions and credits for small businesses:
- Tax Deductions vs. Tax Credits
- Home Office & Mileage Deductions
- Small Business Health Care Tax Credit
Download your complimentary copy of Insights & Innovations: Tax Deductions and Credits today.