As 2010 comes to a close, you hopefully have already been looking at your company’s current tax situation, being sure to take advantage of as many tax deductions as possible. As a business owner you should already know that taxes are due on your net business profit only – your total profits after you have subtracted all the deductions.
I was happy to see that allbusiness.com a D&B Company listed Advertising and Promotions to their list of the top allowable deductions for businesses. So if you are in need of some last minute deductions for 2010 you should consider pumping some of the funds into Advertising your business through the Power of Promotional Products.
For the entire list of allowable deductions visit allbusiness.com (but be sure to consult a tax professional).