Monthly Archives: July 2013

Small businesses sometimes feel dwarfed by the large corporations that appear to dominate the modern day. However, being a small corporation has its hidden benefits. Business tax preparation is key. The government has provided small businesses with certain tax deductions that can truly be rewarding. Such deductions are an effective way to keep any company out of the red. Perhaps you have heard of some the simple tax deductions outlined below. Here are some tax tips for small businesses: Phones – We’re not talking about office work phones, but actually cell phones! Cell phones are becoming more and more prevalent … Click to Read More

Russell Fox’s Las Vegas based company, Clayton Financial & Tax, prepares returns for over 900 small business and individual clients annually. Fox is an Enrolled Agent and the author of a new book, Tax Strategies for the Small Business Owner.  Enrolled Agent status is the highest credential that the IRS awards and allows certified individuals to represent the taxpayer before the IRS.  In his book, Fox offers the following tax tips for small business owners and the self-employed: Using a Professional:  Although individuals with simple returns and no deductions might want to take advantage of the free software offered by … Click to Read More

To keep a business organized and running smoothly, it is critical to keep important documents secure and to have a backup plan.  This blog will provide you with simple, yet important, tips to keeping your business and tax records safe. Well planned business preparation is key! When in Doubt….Scan.  Businesses have so much paperwork that it may seem endless.  However, scanning and digitally archiving documents makes them easy to store and easily accessible. They also serve as great documentation for tax purposes. In addition to saving on storage space, digitally archived files can serve as a great backup for many … Click to Read More