Small Business Taxes

AP

Ex-con Heber Nixon Jr. works for a construction company.

Ex-cons trying to leave their past behind often find it difficult to find legitimate employment. And if they can't build a new life, they are much more likely to return to a life of crime, experts say. Now the city of Philadelphia is offering businesses a $10,000 tax credit if they hire former inmates and provide them with tuition support or vocational training.

Discussing these items with your tax accountant throughout the year will help your business breeze past April 15.

As you prepare your business tax forms and schedules, don't forget to take advantage of the ultra-generous first-year depreciation write-off for assets bought and put to use last year.

Selling on eBay makes you subject to taxes, just like a retail store. Be sure to avoid these 10 tax errors.

Some husband/wife teams have committed to more than just loving each other forever — for richer or poorer. Some have chosen to also become business partners. A little tax savvy could definitely help tip that scale toward "richer."

Find out how the latest slew of legislation could affect your business in 2008.