Be Tax-Smart When Selecting Your Entity Type
When you start your business, you need to make many decisions--including deciding how your business will be structured. While tax considerations shouldn't drive your decision, it's important to factor them into your choice.
Business Deductions Are Critical
for Tax Savings
The amount of tax you owe may be reduced by deducting your business expenses. To be deductible, the expenses have to pass certain tests. You should also make sure you keep good records that may be needed to support your deductions.