Usually, April 15th marks Tax Day, the last day to file your U.S. taxes. Due to a holiday, we get a three-day reprieve. If you are like many of your fellow entrepreneurs, this weekend won’t be spent enjoying the warmer spring weather, but rather playing catch-up with your tax filings! Here are 5 last minute small business tax tips:
1. Don’t forget about your health insurance premiums! Businesses employing less than 25 people and earning less than $50K annually may qualify for up to a 35% credit for premiums paid. Small Business CEO has more surprising health insurance tax tips on their site, check it out.
2. Don’t forget about any Section 179 expenses you might have. Section 179 refers to certain property that is used to conduct your business–printers, computers, vehicles, etc. The limit for deductions has been increased to $500K for non-vehicular property for 2010 and 2011 tax years. For vehicles used 100% for business purposes, the deduction limit is $3060 (2010) and $3160 (2011). There’s an entire website dedicated to Section 179 expenses that may help.
3. Write off those travel and entertainment expenses. Sarah Kessler at Inc.com has a quick and dirty guide on how best to do this. So dig out those receipts from your client luncheon and don’t forget to itemize them!
4. If all else fails, file an extension. All taxpayers are entitled to a six-month extension in filing their taxes. But be forewarned: an extension on filing doesn’t equal an extension on paying.
by WILD WOMEN ENTREPRENEURS
Events Happening This Month |
|---|

Coffee Connection
Meeting 3 times a month to discuss ways to grow our business. Participants are given time for a 60 second infomercial to share the highlights of their business. Check our calendar for times and locations.

Lunch, Learn & Earn
Join us for our monthly luncheon at Waters Edge Restaurant on Shem Creek.
Inspiring Women in Business luncheon series.

Happy Hour
Kick back and unwind from a busy day at our monthly happy hour. Our venue changes monthly, so check our calendar to meet new business acquaintances. Men are invited too.
Our Latest Blog Post
Member Of The Month
Meet Our Treasurer For 2012
Betty Jo Sneed is currently employed by Harbor National Bank as Assistant Vice President for their Mt. Pleasant office. It’s here where she is able to continue her passion for helping her customers for fill all their financial needs from opening their first checking account to purchasing their dream home .
Prior to going to Harbor National Bank she was employed as Financial Center Manager for First Federal for over 15 years. Responsible for branch goals in sales, service and growth.
Betty Jo enjoys her free time boating with her husband and family. Her most precious prizes are her “Grandchildren”
Our February Sponsor
Offering Specials for February:
Turn your existing kitchen into your DREAM kitchen
Ink Architecture is offering a special on remodel kitchen designs!
$1800 design fee for ECEW members only through 2012
843-882-7810
* Our offer includes design of a new kitchen to meet your needs at your current home, vacation rental, or office space. We will start with a consultation of your wants and needs, measure your existing space, and design a new plan to make your dreams a reality. Assistance in selections of finishes, fixtures, and colors will be provided. Some restrictions apply.















