Business News Online

If you are a small business owner, self employed, or have made a profit this year from freelance work, you may be dreading tax time. Running your own business is stressful enough without the worry of possible owed taxes. As 2010 approaches, here are a few steps you can take right now that will help lower your tax bill in April.
Purchase Business Equipment before December 31st

If you were planning on purchasing  any new software or equipment for your business in the near future, consider making the purchase before the end of 2009 so you can benefit from the tax break.
Obviously you can write off the purchase of major equipment used for your business, such as your computer, printer, and copier.

Sometimes we don’t realize the full list of items that are deductable, and by leaving certain key expenses out, we can end up paying the IRS more money than they have a right to receive. Co

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Like the rest of the world this year has been rather interesting for small business in Australia. By all accounts our economy has weathered the economic crisis quite well with the economy forecast to grow in 2010.

The latest MYOB Business Monitor revealed that business confidence is growing; especially amongst younger business owners with 65% expecting improvements in the next year.

Whilst there will still be challenges to overcome by small businesses, a key to their success in Australia as in most countries will be to meet the challenges head on and act on opportunities to grow their business.

Here are is a list of small business opportunities for 2010:

1.

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