Own Senior Care – Home Care Franchise Alternative

Home Care Business Tips

April 15 is only five weeks away.  Getting a head start on your taxes will give you more time to find the best tax preparer. When it comes to taxes, it’s best to take your time and make sure you are filing correctly and claiming the proper deductions.  Your documents and records should be organized and up-to-date.

• Determine who will prepare your taxes. If you don’t plan to prepare your own tax return and you haven’t initiated your search for a tax professional, now is the time to start. Consider referrals from trusted friends and business associates or look for an accredited tax preparer who is either a certified public accountant, enrolled agent (a federally licensed tax specialist), or a tax attorney. Don’t be afraid to ask the tax preparer how long he or she has been practicing, the cost for tax preparation services and professional references.
• Decipher between business and personal expenses. If you incur an expense for something that is used partly for business and partly for personal purposes, you may be able to deduct the business portion. Remember to carefully file accurate supporting documentation for any business expenses you report.
• Consider e-filing. Business owners who file electronically may receive a tax refund sooner than those who file a paper return.
• Utilize government resources for tips. Consider reviewing the Internal Review Service’s (IRS) Web site at www.irs.gov and your state’s taxing authority websites.  Many sites offer small businesses assistance sections and list deadlines and other helpful tax and business information.

Posted by: David Goodman, President Companion Connection Senior Care, the leading “no royalty” membership organization serving the non medical home care & licensed home health business communities. The need for home based senior care is soaring! We will help you start your own highly successful Home Care Agency business. Earn an excellent income while helping others with their activities of daily living. Contact us today for your FREE Business Info Kit… 1-800-270-6949

Tags: e filing business taxes, home health care agency, IRS tips, small business tax tips, tax preparation tips, tax tips for home care business

This entry was posted on Tuesday, March 9th, 2010 at 8:13 am and is filed under Home Care Agency Operations, Home Care Business Planning, Home Care Business Tips, Non Medical Home Care Business, Senior Business, Taxes and Tax Tips, home health care business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.