10080 http://sba.microsoft.com/taxcenter/index.html Small Business Accounting 2006: Tax center article of the week en-us Copyright 2006 Microsoft Corporation. All rights reserved. XML::RSS http://sba.microsoft.com/taxcenter/algiovetti.html The good news for small-business owners is that, with sound tax planning, they may be eligible for refunds on their personal taxes. The bad news is that many are squandering their refunds irresponsibly... http://sba.microsoft.com/taxcenter/robertjones.html Often, when entrepreneurs decide to create their own businesses, they focus solely on the enjoyment they’ll receive from doing something they’re good at and being financially rewarded for it. Typically, new business owners don’t think about the administrative side of the business and merely back their way into a tax strategy. In effect, these entrepreneurs allow the IRS to tell them what to do, when actually they need to understand the impact their approach to setting up and running their business will have on both their business growth and their personal taxes. http://sba.microsoft.com/taxcenter/michaelminyard.html Small-business owners all across the nation are missing out on substantial tax savings because they often fail to take simple actions that could provide major reductions in their business tax burden. In other cases, overlooking — or purposely sidestepping — some Internal Revenue Service (IRS) provisions leads not only to a much greater drain on revenue but to legal difficulties. http://sba.microsoft.com/taxcenter/jonhitter.html As the United States prepares to confront another hurricane season, the nation still has a long way to go in rebuilding Gulf Coast communities and lives devastated by Hurricane Katrina last year. While federal funds are pouring into Louisiana and Mississippi, Congress has taken steps to encourage individuals and corporations to contribute to the relief effort as well. http://sba.microsoft.com/taxcenter/jonkaplow.html One of the golden rules of tax accounting for businesses is to defer the payment of taxes for as far into the future as possible. One way to do this is to take every tax deduction as early as possible. If you buy depreciable property such as a piece of machinery, office furniture or a computer system, you’ve paid out funds for that investment in its first year of use either by using existing cash or by incurring debt that must be repaid with interest. http://sba.microsoft.com/taxcenter/lynnewalline.html If you produce a product, grow crops, construct or design buildings, or make almost anything else and you pay wages to employees, you’re likely to be eligible for a new type of deduction for 2005 and in the years to come.