end of year tax tip for the self employed

[Office Solutions of West GA]

Just a reminder: if you own a small business, anything purchased before December 31 can be deducted this year even if you paid for it by credit card and don't pay the bill until after January 1.

So, if you are looking at a profit on the year, make the office supply store your friend next week. Or if you're a commerce member on Pcom and your membership is coming up for renewal in January (or even February), go ahead and pay that and deduct it in 2011!

Happy Holidays.

[Mama Carol]

Based on the number of people I saw at Staples today, I'd say a lot of you are taking this advice.