Common Tax Deductions

One of the ways that can help offset expensive costs to small businesses is common tax deductions. The government realizes that small business can help the economy grow and are an extremely important foundation to this country. In order to make sure that new businesses form and innovation continues, the government entitles entrepreneurs common tax deductions that can help take the bite out of lots of expenses. Here are some tips on common tax deductions.

Make sure that when you start a small business you talk to a tax accountant or verse yourself in what is considered a common tax deduction for small businesses. Many people think that there are many deductions that actually do not exist, causing them to spend thousands of dollars with no hope of deducting the cost on their taxes.

One of the many common tax deductions are legitimate business expenses. If you have costs that are paid out in order to do business such as special software, leasing a delivery truck or office computers, you can deduct these costs off of your taxes

Another common tax deduction for small business is to deduct a percentage of your home mortgage or rent due to a home office. Be careful on this tax deduction. Lots of times the IRS will flag you, making sure that you are using that space solely for business purposes.

If you drive to a sales meeting or to visit customers solely for business, you can also deduct mileage on your car. Usually the rate is around 44.5 cents per mile, but it does change frequently. If you are looking for common tax deductions for your small business, take a look at the above tips.

Sell CD's and DVD's Online

Looking for a great auction site opportunity, sell CD's and DVD's online. Many people love to collect and buy their favorite music CD or movie on DVD and some of these people usually shop online to buy them. Here are a few tips on selling CD's and DVD's online.

One of the great reasons to sell CD's and DVD's online is because there are so many distributors that are willing to sell you great media for low prices. You can even buy the hottest movies for a great price, if you buy them from a wholesale or distributor.

For many merchants that sell CD's and DVD's, they choose to sell niche movies or niche media products. For instance, you might want to only sell Western movies or foreign films. While not as popular as blockbuster movies, niche categories aren't as competitive and you might find them more profitable for certain titles.

Many CD and DVD merchants also like to sell to certain niche audiences; you might market and sell religious music and video to certain niche markets or foreign films to certain language speaking audiences. So if you are looking for a great product to sell, choose CD's and DVDs.