Incorporate A Business In Utah

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Top 7 Small Business Tax Tips
By Stephen Pope

Here are seven ways for owners of small businesses to save money on their taxes.

1. Incorporate Yourself: If you're still a proprietor or partner of a business, it's time to incorporate yourself. Not only will you limit your liability, but you may enjoy lower tax rates on small business income and other tax advantages as well.

2. Be Home Based: If possible, continue (or switch to) being a home-based business. Not only will you keep your overhead down, but you will be able to write-off (or deduct) the business use of your home.

3. Income Split: Pay reasonable wages to your spouse and children. In this way, you can legally divert income taxed at your higher rate to your family memb...
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In the News

Business calendar
* The Small Business Development Center at Santa Fe Community College will hold the following workshops. For fees, times and more information, call 428-1343 or visit www.nmsbdc.org/santafe. Read More ...

A bumpy road ahead | Business Recorder
The State Bank's first quarterly report for FY12 released on 28th January contains an objective assessment of the economy and highlights the emerging challenges to its stabilisation and recovery. Read More ...

Wonkbook: Obama's fresh lead remains vulnerable to Europe's woes
The latest Washington Post/ABC News poll shows President Obama's approval rating has risen to 50 percent and he's opened up a six-point lead against Mitt Romney. In part, that's because the primary is hurting Romney. A majority of Americans who are closely following the campaign say they disapprove of what they're hearing among the Republicans, and by 2 to 1, Americans say that the more they ... Read More ...

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