Business and Tax Solutions

Small Business Solutions, Inc. evolved from prior consulting activities of Mr. Leslie Schultz. The company specializes in providing business services to individuals who are commissioned sales people, independent contractors, or in the thoroughbred horse business. A few items you may want to consider in evaluating our approach are as follows:

Business Expenses

Business expenses are the necessary costs of carrying on your trade or business. To be deductible an expense must be ordinary and necessary.

What do you, as an independent businessperson; do in a days time that is NOT business related?

Record Keeping

By keeping timely and accurate records you accomplish two major items:

• Maximize the tax deductions you are allowed.
• Proper support in the event that the IRS audits your tax return.

We have developed a "Record Keeping Instruction Manual" which outlines and provides examples of how we recommend that you maintain your business records to maximize the tax deductions you are entitled to.

Home Office

Most people who work from an office within their home are entitled to several deductions. To qualify, the home office has to be used exclusively on a regular basis as the principle place of business. Therefore, if you are not provided with office facilities, you normally qualify for home office deductions. The Tax Act of 1997 liberalized home office deductions.