Have you been considering preparing for the next tax season?  Believe it or not, the tax season sneaks up on us rather quickly.   Here is a tip to help you consider what to plan for next year:

For self-employed individuals, before you calculate your net revenue or net loss in order to determine how much self-employment tax has to be paid it is important to consider that certain expenses could be increased and therefore less income will be subject to tax.
How?  By deferring or postponing certain payments that would be paid in 2011 and instead make arrangements to pay them in 2012.  Such payments could be repairs and maintenance, office expenses, etc.

Contact Masterpiece Accounting Services today for a Free Initial Consultation and see how we can help you operate your business more successfully while saving money.