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Tax Deductions for a Board of Directors

September 24, 2010

Incorporating a business have some advantages in terms of tax benefits. For instance, business trips for members of a board of directors are tax-deductible expenses. Travel for business occurs when duties require your absence from the general area of your tax home for a substantially longer period than an ordinary workday.

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Tags: benefits of incorporating, tax benefits, tax deductible expenses

North Carolina tax cuts may create incentives for business formation

May 19, 2010

As part of a proposed $18.9-billion budget plan, the North Carolina Senate has announced it aims to cap the tax burden on small businesses. The legislation is part of the state government’s effort to boost the local economy.

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Tags: business, formation, incentives, North Carolina, tax benefits

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Ellen Caravello Sears

Boulder Publishers, Inc, (CO)

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