Last-Minute Ways to Save on Your TaxesConsider these ideas for tax breaks on your 2011 taxes.
ByGwen Moran•
Opinions expressed by Entrepreneur contributors are their own.
Tax day this year falls later than usual, on April 17. Small-business owners might use those extra 48 hours to make sure they've applied these 2011 tax breaks.
Bonus depreciation:这允许businesses to recover the cost of capital expenditures over time, according to Sandy Abalos, managing partner of Phoenix accounting firm Abalos & Associates. Qualifying expenditures--including leasehold, restaurant and retail improvements, placed in service after Sept. 8, 2010, and before Jan. 1 of this year--enjoy a first-year depreciation deduction equal to 100 percent of the expenditure, up to $500,000. The deduction drops to 50 percent in 2012.
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