Monday, December 01, 2008

Small Business Year-End Tax Strategies

Here's an article that appears in today's Los Angeles Times:

http://www.latimes.com/business/la-fi-smallbiz1-2008dec01,0,5978675.story

According to it, accountants in this part of the country are talking to their small business clients about: deferring deductions and accelerating income; increasing the deduction for expenses; taking a bonus depreciation deduction; and taking a deduction for losses.

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