Looking for some helpful tax tips and advice? Look no further than this Balboa Capital inforaphic. It has all the information you need for the upcoming tax season.

1. Recipe for SuccessRecipe for Success
SMALL
BUSINESS
TAXES
Ingredients
Income
Statements
Gross receipts, sales records,
returns and allowances, business
bank account interest, etc.
Cost of
Goods Sold
Inventory purchases, ending
inventory total dollar amount,
materials and supplies
Business
Assets
Working capital, office building,
business vehicles, patents,
company logo, etc.
Expense
Receipts
Advertising, office furniture,
computers, travel costs,
insurance, rent, legal fees, etc.
Business
Information
Company name, address,
business owner(s), federal tax ID,
business license, etc.
Payroll
Information
Current and past employees of
last year, and documentation of
pay to subcontractors
Here are some of the things that you need
to bring out the flavor of success
Familiarize yourself with the various
tax deductions that are available
Keep track of tax deadlines so you file
everything on time
Directions
Hire a tax professional to maximize
your deduction potential
Gain knowledge of business taxes before
breaking bread with an accountant or tax expert
Organize your paperwork for greater
accuracy and more efficiency
Results
Preparing tax paperwork early and filing
accurate returns on time can benefit SBOs
Tax refunds are
provided early
Reduces or
eliminates errors
Saves time
and money
There is the
potential for a
bigger tax refund
Late-payment
fees are avoided
A tax extension
won't be needed
Plus...
Survey Says
Balboa Capital's 2017 "Tax Time" survey results
85%
of SBOs met last year's
tax filing deadline
90%
of SBOs are ready
for the tax season
73%
of SBOs will hire a tax
professional this year
65%
of SBOs will elect to take the
Section 179 tax deduction
4 in 10
SBOs expect to receive
a tax refund this year
40% will pay off debt
How SBOs will use
their tax refunds
Top 5 Tax Deductions
Office supplies
Legal & professional fees
Business property rent
Meals & entertainment
Employee benefits/retirement plans
25% will purchase inventory
11% will invest in marketing
7% will purchase equipment
22% will save it for the future
This infographic was produced by Balboa Capital,
a technology-driven financing company that
provides business owners with fast, hassle-free
solutions to fuel their growth and success. Balboa
Capital sent a "Tax Time" survey to a sample of small
business owners nationwide in February 2017.
Visit www.balboacapital.com today.