As the common saying goes, death and taxes are the only guarantees in life. But making sure you know all of expenses you can deduct from your taxes for your small business should make you look more on the bright side. With a proper inventory management system, you can easily track at least one aspect of your business's finances. That's exactly why we built Stockpile.
In profit-based small businesses, most of your business expenses are tax deductable. Business expenses mean the funds needed to run the actual business. These include things like the pay for employees, rent for the location for your business, and any sort of insurances. Also there are other things that can be deducted from your taxes. If you use your personal car for your business, the expenses for driving for business related things can be tax deductable. The same goes for your home as well as long as you differentiate what is used for personal needs and business needs. It is important to research all the deductable expenses you could possibly have, because any money that is not used towards taxes can be put into your business.
Another thing that can save you money is upgrading to Stockpile by Canvus Apps. Stockpile is an online inventory system made especially for small business. This system is similar to the systems used by big business to keep track of their stock. With Stockpile, you can keep track of your inventory anywhere you can access the internet and best of all it’s free, and that’s a guarantee.
Try Stockpile, an online inventory management system, by Canvus Apps for FREE today!!
