Separating Personal and Business Expenses

Separating Personal and Business Expenses
Understand the importance of keeping personal and business expenses separate for tax purposes.

Expense Categories and Deductibility
Explore various expense categories and their deductibility, ensuring you claim all eligible deductions.

Maximizing Tax Breaks for Small Businesses
Employee Compensation and Benefits
Salary vs. Dividends
Evaluate the tax implications of taking a salary versus receiving dividends as a business owner.

Retirement Plans for Small Business Owners
Discover retirement plan options that provide tax benefits for both you and your employees.

Health Insurance Benefits
Learn about tax-favored health insurance benefits for small business owners and employees.

Tax Compliance and Recordkeeping
Filing Deadlines and Extensions
Stay informed about tax filing deadlines and how to request extensions when needed.

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