Year-End Tax Tips For Entrepreneurs

The following tips are limited, except where noted, to cash basis taxpayers.  They suggest ways of accelerating deductions into 2013, and should not be undertaken without consulting your tax advisor.  Accelerating deductions into 2013 may not be in your best interests.  For example, a taxpayer with a large loss carryforward may not have taxable income to absorb deductions accelerated into 2013.