Planning to start a business in Rancho Cucamonga? Try these tips for a lower tax bill

Tax Planning Tips for Your Business in Rancho Cucamonga area

Here at Whyte & Associates, Inc. in Rancho Cucamonga, we hear from many new entrepreneurs asking for tips to lower their tax bills. One of the most common questions is whether startup costs are tax deductible. In most cases they are, but you will need an effective tax strategy and some advance planning to make the most of your available deductions. When startup costs occur The list of expenses involved in opening a business is nearly endless. You may consider them all startup costs, but IRS has a narrower definition. For tax purposes, startup costs are incurred after the business … Continue reading

Tax planning to save your small business time and money in Rancho Cucamonga, CA

Tax Planning for Small Business Rancho Cucamonga CA area

Tax season can be incredibly stressful for most individuals, let alone small businesses who have mounds of paperwork, finances, and legal requirements to keep up with. Most small businesses end up paying more than they need to because it is next to impossible to keep up with all the opportunities to minimize your taxes while focusing on the important day-to-day aspects of their business and planning for the future. That’s where professional tax planning assistance comes in. At Whyte & Associates, Inc. in Rancho Cucamonga, CA, we live and breath tax laws so that you don’t have to. Working with … Continue reading