We are nearing the holiday season, which signals end of the year tax planning time. I am no accountant, but I do know questions you can ask yours – and I definitely can advise you on how invoice factoring can assist you in taking advantage of the 2006 tax breaks for small business owners.
Business funding tips from a receivables factoring company reduce your income taxes and grow your business.
Ask your accountant about these tax breaks for small business owners:
- Accelerating expenses . Move some of next year’s expenses to this calendar year to offset your income – and pay less in taxes. Invoice factoring can help you free up that cash today.
- Collecting overdue invoices . An invoice company can help you do that – and, if the client still doesn’t pay, then you can write off your bad debts knowing you did your due diligence.
- Upgrading your computers, software and office furniture . Use receivables factoring to get the cash and let your accountant write off the expense.
Contact MP Star financial by email today – or call us at 1-800-833-3765 Ext. #150 – and let us help you beat those income tax blues!