Small Business Taxes - Free Enterprise
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Whether you're freelancing, telecommuting, or your own CEO, you may be eligible for some substantial tax deductions if you work from home.

From incorporating your small business and deducting your home office to expensing coffee and donuts (and the weight loss program to work them off), here are five tips to get you started:

It's January, which for small business owners means it's W-2 time.

This year, W-2 forms are due in by March 2 for those small businesses filing by mail, or March 31 for those who choose to e-file; of course, employees must be provided copies of their W-2 forms by January 31. But what else do small business owners need to know about W-2 forms?

Here are five legal reminders:

Many small business owners who deduct expenses for work clothes and uniforms on their taxes may want to look a bit closer at the tax rules. It turns out that many entrepreneurs choose to write off expenses that may not actually be tax-deductible at all, including clothing.

So are your business' work clothes and/or uniforms tax-deductible expenses? Here are some general guidelines:

Small businesses may be very successful raising funds through Kickstarter, but those who receive those funds shouldn't forget the potential tax implications of crowdfunding.

For its part, Kickstarter (with the caveat that they are not tax attorneys) claims that in general, "funds raised on Kickstarter are considered income." However, the crowdfunding platform also claims that Kickstarters may be able to classify certain funds as "nontaxable gifts" instead.

So which is it? Should businesses treat Kickstarter or crowdfunding money as taxable income?

When you're a small business owner, pretty much any meal is a tax-deductible business meal, right? Not necessarily.

The IRS has very specific rules for what is, and what isn't, considered a business meal for tax purposes. And unfortunately for many small business owners, eating lunch at your desk will most likely not be considered a tax-deductible business meal.

So what are the rules for when a meal can also be a write-off?

Texas strip clubs may soon get a little more expensive.

A so-called "pole tax" on Texas nudie bars was upheld last week by Texas' Third Court of Appeals. The strip clubs had challenged the $5-per-patron fee as an unconstitutional occupation tax in the latest legal challenge since the law was passed in 2007.

What was the legal thrust behind the clubs' latest challenge? And where does this leave Texas' "live nude entertainment" industry?

For Tax Day, here's something for small business owners to consider: Your business could be paying much less in taxes by taking some tips from big corporations.

Some of America's most profitable companies like Apple and Microsoft have effective tax rates lower than 30 percent, as Forbes points out.

So what can you do to effectively lower your small business' tax rate? Here are five ideas that may pay off for you:

Congress Talks Bitcoin, Small Business: 3 Tidbits

Congress held a hearing on Bitcoin and small businesses Wednesday. Though no action was taken, the discussion could impact the virtual currency and businesses that currently accept it (or are considering it) for payment.

In case you're still in the dark, Bitcoin is the world's first decentralized, peer-to-peer virtual currency. This means that it's not backed by any banks, credit card companies, or governments, according to The Washington Post.

So before you get on board with Bitcoin, here are three tidbits to ponder from the House Committee on Small Business' Bitcoin hearing:

Home Office Tax Deduction Made Simple for 2013

If you use part of your home for your business, you may be able to deduct expenses for the business use of your home. The home office tax deduction is available for homeowners and renters, and applies to all types of homes.

The best part is that the IRS has now simplified the method for determining the home office tax deduction.

But do you qualify for the simplified deduction?

Businesses Add 'Obamacare Fee' to Customer Bills

Some businesses -- mainly restaurants -- "are asking customers to help foot the bill for Obamacare" by adding an Affordable Care Act surcharge on their tabs, CNNMoney reports.

Case in point: At least eight Gator's Dockside restaurants in central Florida are now charging a so-called "Obamacare fee" that amounts to 1 percent of a customer's check.

Should your business include an Obamacare fee or surcharge on customer bills?