With the dawning of a new year and the passage of all the new tax legislation, many business owners are thinking about tax strategies for the future. If you find yourself in thinking about opportunities to decrease your tax burden consider reviewing The Small Business Jobs Act of 2010 with your accountant. We've been advised that there are 17 opportunities to reduce your tax burden available for small business. Below is a link to the IRS website that may help you with your tax planning:
One big opportunity many of our clients take advantage of annually is the depreciation available to owners of commercial real estate buildings. Give us a call and we can discuss your specific needs. We would love to help you reduce your tax obligations through commercial real estate ownership.