

October 19, 2012
As we go into the holiday season, spending will go up across the board. Coming out of an election, we should have a great end to the year across the board throughout all industries. Knowing the end of the year is coming, many businesses will start preparing for tax time. Below I have a list of write offs that many small businesses don’t know exist.
Those customers that don’t pay: If your business sells goods (service driven businesses can’t claim this as a deduction) and you have a customer that receives their item, but doesn’t pay for it; that can be written off as a tax deduction.
Start-up Costs: If you are a new business, pretty much anything you have to purchase to get you going can be counted in this deduction. Up to $10,000 can be deducted from the first year you are in business, or can be deducted in equal increments for a period of 15 years.
Interest: Interest that you pay in order to purchase something for your business is deductible. All of your interest will be covered under certain circumstances.
Other things such as education and auto expenses are deductible as well. For more information check out this website: http://articles.businessinsider.com/2011-01-27/strategy/29997323_1_parking-fees-and-tolls-tax-deductions-expenses#ixzz29lHcsI5H
The most relevant one to Paradise Graphix is ADVERTISING. Advertising can be written off as tax deductible. We provide advertisement services (Signs, Banners, Vehicle Wraps and Graphics, and much more.) When any of this is being used for advertising, it can be written off! Most businesses have an advertising budget, and at the end of the year they are in a rush to spend it all. Do not wait until it is too late (government funded businesses run the risk of decreasing their advertising budget for next year if they do not spend it all this year.) Let Paradise Graphix help you with all of your advertising needs. Our sales team is equipped with a strong back ground in marketing. We can come up with an advertising campaign for your business all of your competitors will be jealous of! Call today: 513-446-7674
Kaylen
Paradise Graphix
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