As a small business owner, you can literally live and die by your taxes. The taxes you pay on income earned throughout the year can eat away as much as 25 percent or more of your profit margins. Being smart when it comes to filing taxes can put more money in your pocket and make your business look more profitable on paper.
Wait until the end of the year to buy office equipment and other supplies so you can claim these items as a tax-write off. Purchase new reams of paper, office equipment, pens, pads and anything else your business uses at this time. It is also a great time to find sales on office chairs, desks and furniture.