10 Tax Deductions for Small Business

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10 Tax Deductions for Small Business

In our March Newsletter, you will find tips on how to encourage referrals for your business, the 10 tax deductions that are most commonly overlooked, how to stay cool in the Florida heat, and a recipe for a light spring salad.

It’s tax time! Make sure you don’t leave any money on the table by maximizing your business tax deductions.

Automobile Expenses
Home Office
Startup Cost (Supplies and equipment needed to start your business)
Bank/Paypal/Credit Card Fees
Internet & Phone Charges For Business
Utilities
Fees for Business Memberships
Post Office Fees
Fees for Service You Use to Run your Business
Business Coaching or Mentoring Fees
Business Meals

Encourage Referrals for Your Business

Did you know that some companies get almost all of their business from referrals? Below is a list of a few tried and true ways that you can encourage others to send you more referrals.
Send a Note— A handwritten thank you card with a personalized message stands out among the sea of emails that most people are accustomed to receiving.
Set up a Meeting— A quick coffee or lunch is a great chance to get to know your referral source and their business better.
Give a Referral—Giving a referral to your source first is one of the best ways to get one back!
Host a Group Activity for Clients— Arranging an event such as a barbecue or sporting event is a great way to appreciate and reconnect with potential referral sources.
Post on Social Media—Staying active on Social Media is a great way to build your personal brand and stay connected with associates.
Ask— This doesn’t mean hound people for referrals, but in our office, we’ve implemented an “It can’t hurt to ask” mindset that’s helped in several aspects of our business.

Stay Cool in the Florida Heat

It looks as though our little dose of cool weather has ended and the temperatures will only be getting higher from here! Check out a few ways to keep your home cool and beat the heat.

  1. Keep your blinds closed – Up to 30% of unwanted heat comes from your windows.
  2. Keeping inside doors open allows cool air to permeate rooms during the day.
  3. Swap your sheets – Cotton is the smartest move this time of year because it breathes more easily and stays cooler than other fabrics. You may also want to invest in buckwheat pillows as they don’t hold body heat like conventional pillows.
  4. Set your ceiling fans to rotate counter-clockwise – The fan’s airflow will create a wind-chill breeze effect that will make you “feel” cooler
  5. Turn on your bathroom fans and the exhaust fan in your kitchen – Both of these pull the hot air that rises after you cook or take a steamy shower out of the house
  6. Ditch the incandescent lights – Incandescent bulbs waste about 90 percent of their energy in the heat they emit
  7. Start grilling – Using your oven or stove on a hot day will make your house hotter. If it already feels like 100+ degrees in your home, the last thing you want to do is turn on a 400-degree oven.
  8. Make a few long-term improvements – Additions like awnings and planted trees or vines on or in front of light-facing windows will shield your home from the sun’s rays, reduce the amount of heat your home absorbs and make your investment nothing but worthwhile.

 

 

 

 

 

By | 2018-03-01T08:08:07+00:00 February 28th, 2018|Legal & Compliance, Newsletters, Small Business Management|

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