A Final Tune-up Before Filing

My accountant is now preparing my 2005 business and personal returns. As a restaurant owner, what should I look for to make sure that I am paying the least amount of taxes?

Here are some business areas to address:

  • If you built a new restaurant or had major construction, a cost segregation analysis of the build-out should be done to take advantage of allocating costs from 39-year property to 5-year property.
  • Make sure that you expensed up to $105,000 of tan

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